York$$s outstanding stock consists of $70,000$ shares of cumulative $6\mathrm{.}0\%$ preferred stock with a $$5$ par value and also $180,000$ 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 $ $9,100$

Year $2$ total cash dividends $19,000$

Year $3$ total cash dividends $295,000$

Year $4$ total cash dividends $445,000$

Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common.

Answer rating: 100% (QA)

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