Question 8 (5 points) Sweet Company's outstanding stock consists of 1,000 shares of cumulative 5% preferred stock with a $100 par value and 5,000 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. Dividends Declared & Paid Year 1 $ 2,000 Year NK $ 6,000 Year 3 $ 32,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: $15,000 preferred; $25,000 common. $11,000 preferred; $29,000 common. $5,000 preferred; $35,000 common. Dividends Declared & Paid Year 1 $ 2,000 Year NK $ 6,000 Year 3 $ 32,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: $15,000 preferred; $25,000 common. $11,000 preferred; $29,000 common. $5,000 preferred; $35,000 common. $12,000 preferred: $28,000 common. $10,000 preferred; $30,000 common