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. year 1 Dividend Declared $ 2,500 $ 6,500 $34,500 year 2 year 3 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice O $22,500 preferred: $12,000 common $0 preferred: $34,500 common. O $34,500 preferred: $0 common O $13,500 preferred: $21,000 common O