MC Qu. 170 Sweet Company's outstanding... Sweet Company's outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000 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. ook Declared year 1 2,000 year 2 6,000 year 3$32,000 sk The total amount of dividends paid to preferred and common shareholders over the three-year period is