Sweet Company's outstanding stock consists of 1,500 shares of cumulative 5% preferred stock with a $100 par value and 10,500 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. 2.73 points Dividends Declared & Paid $ 2,500 $ 6,500 $34,500 Year 1 Year 2 Year 3 (8 01:27:27 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $13,500 preferred; $21,000 common. $7,500 preferred; $27,000 common. $22,500 preferred; $12,000 common. ooo $34,500 preferred; $0 common. $34,500 preti $0 preferred; $34,500 common