Exercise 11-10 Dividends on common and noncumulative preferred stock @c2 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. Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. Year 1 total cash dividends $20,000 Year 2 total cash dividends 28,000 Year 3 total cash dividends $200,000 Year 4 total cash dividends 350,000 Check 4-year total paid to preferred, $108,000 Page 442 Exercise 11-11 Dividends on common and cumulative preferred stock @c2 Use the data in Exercise 11-10 to determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined