Halverstein Company's outstanding stock consists of 13,650 shares of cumulative 5% preferred stock with a $10 par value and 5,850 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 $ 11,700 Year 3 $ 48,000 The amount of dividends paid to preferred and common shareholders in Year 2 is: Multiple Choice $8,190 preferred; $3,510 common. $11,700 preferred; $0 common. $5,850 preferred; $5,850 common. $0 preferred; $11,700common. $6,825 preferred; $4,875 common.