Sweet Company's outstanding stock consists of 1,200 shares of noncumulative 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 Year 1 $ 8, 400 Year 2 $38, 000 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $14,400 preferred; $35,200 common. $13,200 preferred; $36,400 common. $4,800 preferred: $44,800 common. $12,800 preferred; $36,800 common. $9,600 preferred; $40,000 common