Sweet Company's outstanding stock consists of 1,150 shares of cumulative 5% preferred stock with a $100 par value and 11,500 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 $ 2,300 Year 2 $ 6,900 Year 3 $36,800 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice O $8,050 preferred: $28,750 common. O O O 0 $5,750 preferred; $31,050 common. $11,500 preferred; $25,300 common. $36,800 preferred; $0 common. $0 preferred; $36,800 common