MC Qu. 172 Halverstein Company... Halverstein Company's outstanding stock consists of 11550 shares of cumulative 5% preferred stock with a sto par value and 4.950 shares of common stock with a St par vnius. During the first three years of aperation, the corporation declared and paid the following total cash dividends Year 1 Year 2 Year 3 Dividend Declared $ 0 $ 9.900 $42,000 The amount of dividends paid to preferred and common shareholders in Year 2 is Muriele Choice 50 preferred: Common preferred 545 common $6,930 preferred $2.970 common $575 preferred. common