20 Sweet Company's outstanding stock consists of 1,300 shares of cumulative 5% preferred stock with a $100 par value and 11,300 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 00:36:19 & Paid Year 1 Year 2 $ 3,300 $ 7,300 Year 3 $ 38,500 The total amount of dividends paid to preferred and common shareholders over the three-year period is: