ABC Company's outstanding stock consists of 1,400 shares of noncumulative 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. year 1 year 2 year Dividend Declared $3,400 $ 8,800 $39.000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice 0 O $16.800 preferred 534.400 common 0 20.200 preferred 53000 common 0 O $8.400 preferred, 542,800 common 0 $2200 preferred 534000 common