6 Halverstein Company's outstanding stock consists of 10,850 shares of cumulative 5% preferred stock with a $10 par value and 4,650 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 1.53 points Dividend Declared Year 1 $ Year 2 9,300 Year 3 $40,000 00:52:20 The amount of dividends paid to preferred and common shareholders in Year 2 is Multiple Choice $5,425 preferred: $3,875 common. $4,650 preferred; $4,650 common