40) Halverstein Company's outstanding stock consists of 7,600 shares of cumulative 5% preferred stock with a $10 par value and 3,600 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.

Year	Dividend Declared
2016	$	0
2017	$	6,600
2018	$	38,000

The amount of dividends paid to preferred and common shareholders in 2018 is:

$9,600 preferred; $28,400 common.

$4,800 preferred; $33,200 common.

$8,600 preferred; $29,400 common.

$1,000 preferred; $37,000 common.

$3,800 preferred; $34,200 common.