1 Sweet Company's outstanding stock consists of 1,800 shares of cumulative 4% preferred stock with a $100 par value and 10,800 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. Dividends Declared & Paid The amount of dividends paid to preferred and common shareholders in year 3is. Year 1 2800

year 2 6800

year 3 36,000

1