operation, the corporation declared and paid the following total cash dividends. The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $7,450 preferred; $25,050 common. $5,900 preferred; $26,600 common. $15,900 preferred; $19,700 common. $32,500 preferred; $0 common. $0 nreferred $32500 rommon