Sweet Companys outstanding stock consists of 1,700 shares of cumulative 4% preferred stock with a $100 par value and 11,700 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	$	3,700
Year 2	$	7,700
Year 3	$	40,500

The total amount of dividends paid to preferred and common shareholders over the three-year period is:

Multiple Choice

$20,400 preferred; $31,500 common.

$14,500 preferred; $37,400 common.

$6,800 preferred; $45,100 common.

$17,300 preferred; $34,600 common.

$13,600 preferred; $38,300 common.