Sweet Company's outstanding stock consists of 1,300 shares of cumulative 5% preferred stock with a $100 par value and 13,000 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 $ 2,600 $ 7,800 $41,600 Year 1 Year 2 Year 3 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $9,100 preferred: $32,500 common. $6,500 preferred; $35,100 common. $13.000 preferred: $28,600 common. $41.600 preferred; $0 common. o $0 preferred: $41,600 common