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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and cpmmon, Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. \begin{tabular}{|c|c|c|c|c|c|c|} \hline , & \begin{tabular}{r} ParV \\ Pre \\ S \end{tabular} & \begin{tabular}{l} lue per \\ arred \\ are \\ \end{tabular} & Dividend Rate & \begin{tabular}{l} Dividend per \\ Preferred \\ Share \end{tabular} & \begin{tabular}{c} Number of \\ Preferred \\ Shares \end{tabular} & \begin{tabular}{l} Preforred \\ Dividend \end{tabular} \\ \hline \multicolumn{7}{|l|}{ Annual Preferred Dividend: } \\ \hline & \begin{tabular}{l} Tot: \\ Divid \end{tabular} & \begin{tabular}{l} Cash \\ nd Paid \end{tabular} & \begin{tabular}{l} Paid to \\ Preferred \end{tabular} & \begin{tabular}{l} Paid to \\ Common \end{tabular} & \begin{tabular}{c} Dividends in \\ Arrears at \\ year-end \end{tabular} & \\ \hline Year 1 & $ & 13,000 & & & & \\ \hline Year 2 & & 22,000 & & & & \\ \hline Year 3 & & 250,000 & & & & \\ \hline Year 4 & & 400,000 & & & & \\ \hline Total: & $ & 685,000 & & & & \\ \hline \end{tabular}

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