Sweet Company's outstanding stock consists of 1,000 shares of cumulative 5% preferred stock with a $100 per value and 10.000 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 $ 2,000 $ 6,000 $ 32,000 Year 3 The amount of dividends paid to preferred and common shareholders in Year 3 is: