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 Year 1 Year 2 $ 3,200 $ 8,400 5:23 Year 3 $ 38,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $9,600 preferred; $40,000 comman $4,800 preferred: $44,800 common Multiple Choice O $9,600 preferred; $40,000 common. $4,800 preferred; $44,800 common. $14,400 preferred; $35,200 common. $12.800. preferred: $36,800 common. $13,200 preferred; $36,400 common