Sweet Company's outstanding stock consists of 1000 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 $ 2,000 $ 6,000 $32,000 Year 1 Year 2 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is. Multiple Choice O $10.000 preferred: 530.000 common. $15.000 preferred: $25,000 common S1000 preferred: 529.000 common