Chapter 11 Help Seve &ExitSubm sweet Company's outstanding stock consists of 1900 shares of cumulative 5% preferred stock with a $100 par vaue and n900 shares o, common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the folowing total cash dividends Divide 354 year 1 3,900 year 2 7,900 year 3 $41.500 The amount of dividends paid to preferred and common shareholders in year 3 is Mutiple Chaice 16.300 prefemed $24,800 common 9.500 prefened $32.000 common $28,500 pefemed 501000 common $41500 preferred Prev 10e, 10 Next