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Sweet Companys outstanding stock consists of 1,300 shares of cumulative 5% preferred stock with a $100 par value and 10,300 shares of common stock with

Sweet Companys outstanding stock consists of 1,300 shares of cumulative 5% preferred stock with a $100 par value and 10,300 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 $ 2,300
Year 2 $ 6,300
Year 3 $ 33,500

The amount of dividends paid to preferred and common shareholders in year 3 is:

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