Fargo Company's outstanding stock consists of 650 shares of noncumulative 4% preferred stock with a $10 par value and 6,200 shares of common with a S1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends Dividends Declared Paid $37,000 $ 9,000 $46,000 Year 1 year 2 year 3 The amount of dividends paid to preferred and common shareholders in year 1 is: Multiple Choice 537.000 preferred, 50 common $260 preferred: $36,746 common 527,4000 preferred: 59.000 common Help Save & Ex The amount of dividends paid to preferred and common shareholders in year is 128 Multiple Choice $37.000 preferred. So common $260 breed 3640 common 5274000 rete 8.000 common 1.500.00 5650 med, 530 500 como