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Halverstein Company's outstanding stock consists of 10,500 shares of cumulative 5% preferred stock with a $10 par value and 4,500 shares of common stock with

Halverstein Company's outstanding stock consists of 10,500 shares of cumulative 5% preferred stock with a $10 par value and 4,500 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.

Dividend Declared
Year 1 $ 0
Year 2 $ 9,000
Year 3 $ 39,000

The amount of dividends paid to preferred and common shareholders in Year 2 is:

Multiple Choice

$5,250 preferred; $3,750 common.

$4,500 preferred; $4,500 common.

$0 preferred; $9,000common.

$9,000 preferred; $0 common.

$6,300 preferred; $2,700 common.

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