Fargo Company's outstanding stock consists of $450$ shares of noncumulative $5\%$ preferred stock with a $$10$ par value and $4,200$ shares of common stock with a $$1$ par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.

$\backslash$table$[[,$Dividends Declared$],[,$& Paid$],[$year $1,$$$28,000$