Sweet Companys 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	$ 3,200
Year 2	$ 8,400
Year 3	$ 38,000

The total amount of dividends paid to preferred and common shareholders over the three-year period is: