Sweet Companys outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par 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
year 1	$	2,000
year 2	$	6,000
year 3	$	32,000

The total amount of dividends paid to preferred and common shareholders over the three-year period is:

Multiple Choice

$15,000 preferred; $25,000 common.

$11,000 preferred; $29,000 common.

$5,000 preferred; $35,000 common.

$12,000 preferred; $28,000 common.

$10,000 preferred; $30,000 common.