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Determine the amount of dividends paid each year to each of the two classes of stockholders preferred and common (Ro "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: Answer is complete but not entirely correct. Par Value Dividend Number per Dividend per of Preferred Preferred Rate Preferred Preferred Dividend Share Share Shares $ 5.00 7.5% $ 0.375 80,000 $ 30,000 Total Cash Dividends Dividend Paid to Paid to in Arrears Preferred Paid Common at year- end $ 20,000 s 20,000 $ 10,000 X 28,000 28,000 2,000 200.00 30,000 170.000 350,000 30,000 320.000 $ 598,000 S 108,000 $ 490,000 Year 1 Year 2 Year 3 Year 4 Total: O RI earch Retur Required information [The following information applies to the questions displayed below.] 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 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share" answer to 3 decimal places.) 3 Answer is complete but not entirely correct. Par Value Dividend Number earch o 9