MC Qu. 169 Sweet Company's outstanding...

Sweet Companys outstanding stock consists of 1,300 shares of cumulative 5% preferred stock with a $100 par value and 11,300 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.

	Dividend Declared
year 1	$	3,300
year 2	$	7,300
year 3	$	38,500

The amount of dividends paid to preferred and common shareholders in year 3 is: