York's outstanding stock consists of 75,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 130,000 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 Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 18,600 28, eee 270,000 420,000 Exercise 11-11 Dividends on common and cumulative preferred stock LO C2 Use the data in Exercise 11-10 to determine the amount of dividends paid each year to each of the two classes of stock ass the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Dividend Rate Par Value per Preferred Share $ 5.00 Dividend per Preferred Share $ 0.400 Number of Preferred Preferred Dividend Shares 75,000 $ 30,000 Annual Preferred Dividend: 8.0% Par Value per Preferred Share $ 5.00 Dividend per Dividend Rate Preferred Share 8.0% $ 0.400 Annual Preferred Dividend: Number of Preferred Preferred Dividend Shares 75,000 $ 30,000 Dividends in Arrears at year-end Total Cash Dividend Paid Paid to Preferred Paid to Common $ 0 Year 1 Year 2 Year 3 18,600 $ 28,000 0 18,600 $ 28,000 270,000 420,000 736,600 $ Year 4 Totals $ 46,600 $