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Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

$\backslash$table$[[$Year $1$ total cash dividends,$$18,000],[$Year $2$ total cash dividends,$28,000],[$Year $3$ total cash dividends,$300,000],[$Year $4$ total cash dividends,$450,000]]$

Exercise $11-11($Algo$)$ Dividends on common and noncumulative preferred stock LO C$2$

York's outstanding stock consists of $80,000$ shares of noncumulative $7\mathrm{.}5\%$ preferred stock with a $$5$ par value and also $190,000$ shares of common stock with a $$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.

Note: Round your "Dividend per Preferred Share" answer to $3$ decimal places.

$\backslash$table$[[,\backslash$table$[[$Par Value per$],[$Preferred$],[$Share$]],$Dividend Rate,$\backslash$table$[[$Dividend per$],[$Preferred$],[$Share$]],\backslash$table$[[$Number of$],[$Preferred$],[$Shares$]],\backslash$table$[[$Preferred$],[$Dividend$]]],[$Annual Preferred Dividend:$],[,\backslash$table$[[$Total Cash$],[$Dividend Paid$]],\backslash$table$[[$Paid to$],[$Preferred$]],\backslash$table$[[$Paid to$],[$Common$]],\backslash$table$[[$Dividends in$],[$Arrears at$],[$year$-$end$]],],[$Year $1,18,000,,,,],[$Year $2,28,000,,,,],[$Year $3,300,000,,,,],[$Year $4,450,000,,,,],[$Total:$,796,000,,,,]]$