Sweet Company's outstanding stock consists of 1,600 shares of cumulative 6% preferred stock with a $100 par value and 10,600 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 $ 6, 600 $35,000 Year 1 Year 2 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $28,800 preferred; $15,400 common. $16,200 preferred; $28,000 common. $9,600 preferred; $34,600 common. $21,800 preferred; $22,400 common. $19,200 preferred; $25,000 common