Sweet Company$$s outstanding stock consists of $1,900$ shares of cumulative $5\%$ preferred stock with a $$100$ par value and $11,900$ 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 $1$ $ $3,900$ Year $2$ $ $7,900$ Year $3$ $ $41,500$ The total amount of dividends paid to preferred and common shareholders over the three$-$year period is: