Sweet Companys outstanding stock consists of 1,100 shares of noncumulative 4% preferred stock with a $100 par value and 10,100 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	$	2,100
Year 2	$	6,200
Year 3	$	32,500

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