Sweet Companys outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 10,200 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 Year 1 $ 2,200 Year 2 $ 6,200 Year 3 $ 33,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is:

$11,800 preferred; $29,600 common.

$9,600 preferred; $31,800 common.

$14,400 preferred; $27,000 common.

$4,800 preferred; $36,600 common.

$11,000 preferred; $30,400 common.