56 Sweet Company's outstanding stock consists of 1,400 shares of cumulative 6% preferred stock with a $100 par value and 11,400 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 133 points Year 1 Year 2 $ 3,400 $ 7,400 Year 3 $ 39,000 wook The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $14,400 preferred: $24,600 common $8.400 preferred: $30,600 common Multiple Choice $14,400 preferred; $24,600 common. $8,400 preferred; $30,600 common. $25,200 preferred; $13,800 common. $39,000 preferred; $0 common. $0 preferred; $39,000 common