Proctoring Enabled CONNECTE 24 24 Halverstein Company's outstanding stock consists of 12,950 shares of cumulative 5% preferred stock with a $10 par value and 5,550 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 $ 11,100 Year 3 $ 46,00e The amount of dividends paid to preferred and common shareholders in Year 2 is: