York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 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 $ 20,000 28,000 200,000 350,000 Use the data in Exercise 11-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) X Answer is not complete. Par Value per Preferred Share IS 5.00 Dividend Dividend per Rate Preferred Share 7.5% $ 5.000 X Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: X Paid to Paid to Preferred Dividends in Arrears at year-end Common $ 20.000 Year 1 Year 2 Total Cash Dividend Paid $ 20,000 28,000 200,000 350,000 $ 598,000 Year 3 Year 4 28,000 30,000 X 30,000 108,000 $ Totals 0