Halverstein Company's outstanding stock consists of 11,550 shares of cumulative 5% preferred stock with a $10 par value and 4,950 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 Dividends Declared & Paid $.0 $ 9,900 $ 42,000 The amount of dividends paid to preferred and common shareholders in Year 2 is:

Halverstein Company's outstanding stock consists of 11,550 shares of cumulative 5% preferred stock with a $10 par value and 4,950 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. The amount of dividends paid to preferred and common shareholders in Year 2 is