Accounting.

Sweet Companys outstanding stock consists of 1,350 shares of cumulative 5% preferred stock with a $100 par value and 13,500 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
Year 1	$ 2,700
Year 2	$ 8,100
Year 3	$ 43,200

The amount of dividends paid to preferred and common shareholders in year 3 is:

rev: 12_01_2020_QC_CS-242783

Multiple Choice

• $9,450 preferred; $33,750 common.

• $6,750 preferred; $36,450 common.

• $13,500 preferred; $29,700 common.

• $43,200 preferred; $0 common.

• $0 preferred; $43,200 common.