Yorks outstanding stock consists of 75,000 shares of noncumulative 6% preferred stock with a $5 par value and also 240,000 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: Year 1 total cash dividends $12,100 Year 3 total cash dividends $220,000 Year 2 total cash dividends 20,500 Year 4 total cash dividends 370,000 Number of preferred shares 75,000 Number of common shares 240,000 Par value - preferred $5.00 Par value - common $1.00 Preferred dividend % 6.0% Required: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common