Fargo Company's outstanding stock consists of $800$ shares of noncumulative $5\%$ preferred stock with a $$10$ par value and $3,400$ shares of common stock with a $$1$ par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.

$\backslash$table$[[,\backslash$table$[[$Dividends Declared$],[$& Paid$]]],[$year $1,$$$24,000$