Sweet Company$$s outstanding stock consists of $1,100$ shares of noncumulative $5\%$ preferred stock with a $$100$ par value and $11,100$ 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 $1$ $ $3,100$

Year $2$ $ $8,200$

Year $3$ $ $37,500$

The total amount of dividends paid to preferred and common shareholders over the three$-$year period is:

Multiple Choice

$$13,700$ preferred; $$35,100$ common.

$$5,500$ preferred; $$43,300$ common.

$$16,500$ preferred; $$32,300$ common.

$$14,100$ preferred; $$34,700$ common.

$$11,000$ preferred; $$37,800$ common.