Sweet Companys outstanding stock consists of 1,400 shares of cumulative 6% preferred stock with a $100 par value and 10,400 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.

	Dividend Declared
year 1	$	2,400
year 2	$	6,400
year 3	$	34,000

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

Multiple Choice

a. $16,400 preferred; $17,600 common.

b. $8,400 preferred; $25,600 common.

c. $25,200 preferred; $8,800 common.

d. $34,000 preferred; $0 common.

e. $0 preferred; $34,000 common.