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Sweet Companys outstanding stock consists of 1 , 8 0 0 shares of cumulative 5 % preferred stock with a $ 1 0 0 par

Sweet Companys outstanding stock consists of 1,800 shares of cumulative 5% preferred stock with a $100 par value and 11,800 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & PaidYear 1$ 3,800Year 2$ 7,800Year 3$ 41,000The amount of dividends paid to preferred and common shareholders in year 3 is:Multiple Choice$41,000 preferred; $0 common. $9,000 preferred; $32,000 common. $0 preferred; $41,000 common. $27,000 preferred; $14,000 common. $15,400 preferred; $25,600 common.

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