Sweet Company's outstanding stock consists of 1,000 shares of cumuletive 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. Dividend Declared $ 2,000 $ 6,000 $32,000 year 1 year 2 year 3 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $7,000 preferred; $25,000 common. $5,000 preferred; $27,000 common. $15,000 preferredt $17,000 common. $32.000 preferred; S0 common. $0 preferred $32.000 common.