Sweet Company's outstanding stock consists of 1.200 shares of cumulative 4% preferred stock with a $100 par value and 11.200 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 $ 3,200 $ 7,200 $38,eee Year 1 Year 2 Year 3