Sweet Company's outstanding stock consists of 1,250 shares of cumulative 5% preferred stock with a $100 par value and 12,500 -shares of common stock with a $10 pat value, Duing the first thee years of operation, the corporabion deciared and pald the following total casth dividends The ansout of dividends paid to preferred and common shareholders in year 3 is Muliple choice $40,000 prefered 50 common $0 peceriod, $40000 comunon Multiple Choice $40,000 preferred, $0 common. $0 prefenred: $40,000 common. $6,250 preferred, $33.750 common $8,550 preferred, $31,250 cormon $12500 peferted, $27500 cominon