36 Halverstein Company's outstanding stock consists of 7.350 shares of cumulative 5% preferred stock with a $10 par value and 3,150 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends Dividend Declared Year 1 $ 0 Year 2 6,300 Year 3 $30,000 The amount of dividends paid to preferred and common shareholders in Year 2 isc MC $1750 preferred $3150 common $1675 per $2.025 com 10pted $4.300 commen $1.45 U $300