Curtain Co. paid dividends of $5,000, $8,000, and $10,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,200 shares of 6.0%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3? Multiple Choice $1,400 $2,200 $7.200