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Sweet Company's outstanding stock consists of 1,800 shares of cumulative 5% preferred stock with a $100 par value and 11,800 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Year 1 Year 2 Year 3 Dividend Declared 3, 800 s 7,800 $41,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is Multiple Choice $27,000 preferred; $25,600 common. $16,800 preferred: $35,800 common. $9,000 preferred; $43,600 common