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Sweet Company's outstanding stock consists of 1,600 shares of noncumulative 4% preferred stock with a $100 par value and 11,600 shares of common stock with

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Sweet Company's outstanding stock consists of 1,600 shares of noncumulative 4% preferred stock with a $100 par value and 11,600 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 $ 3,600 $ 9,200 $40,000 Year 1 Year 2 Year 3 The total amount of dividends paid to preferred and commof share shareholders over the three-year period is

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