Question 24 4 pts Sweet Company's outstanding stock consists of 1,400 shares of cumulative 6% preferred stock with a $100 par value and 10,400 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. Dividends Declared & Paid Year 1 $2,400 Year 2 $ 6,400 Year 3 $ 34,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: $8,400 preferred; $34,400 common. $14,800 preferred: $28,000 common. $25,200 preferred; $17,600 common. $19,200 preferred; $23,600 common. O $16,800 preferred; $26,000 common.