York’s outstanding stock consists of 80,000 shares of 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: 2015 total cash dividends $ 20,000 2016 total cash dividends 28,000 2017 total cash dividends 200,000 2018 total cash dividends 350,000 rev: 11_29_2018_qc_cs-149901 exercise 11-8 dividends on common and noncumulative preferred stock lo c2 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. assume that the preferred stock is noncumulative.