aact Us X Car weAReCEMKeducation.com/flow/connect.html er 11 Saved Help Save & Exit 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 is: Multiple Choice $0 preferred: $6,300common. $3,150 preferred; $3,150 common. $4,410 preferred: $1,890 common. $6,300 preferred: $0 common