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Halverstein Company's outstanding stock consists of 10,850 shares of cumulative 5% preferred stock with a $10 par value and 4,650 shares of common stock with

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Halverstein Company's outstanding stock consists of 10,850 shares of cumulative 5% preferred stock with a $10 par value and 4,650 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. Year 1 Year 2 Year 3 Dividend Declared $ 0 $ 9,300 $40,000 The amount of dividends paid to preferred and common shareholders in Year 2 is: O $4,650 preferred: $4,650 common. O $6,510 preferred; $2,790 common. 0 $5,425 preferred: $3,875 common. $9,300 preferred; $0 common 0 $0 preferred; $9,300common

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