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 Year 2 Year 3 $ 2,000 $ 6,000 $ 32,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $10,000 preferred; $30,000 common. $5,000 preferred, $35,000 common