Halverstein Company's outstanding stock consists of 9,800 shares of cumulative 5% preferred stock with a $10 par value and 4,200 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. Dividends Declared & Paid Year 1 $ 0 Year 2 $ 8,400 Year 3 $37,000 The amount of dividends paid to preferred and common shareholders in Year 2 is