York's outstanding stock consists of 70,000 shares of noncumulative 75% preferred stock with a $5 par value and also 120.000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends 2015 total cach dividends$15, 000 2016 total cash dividends 2017 total cash dividends 2018 total cash dividende 24, 200 265, 000 15,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 deimal places.) PreferredDividend Total Cash Paid Paid to Preferred 24,200 5 719 200 38,200