Sweet Companys outstanding stock consists of 1,700 shares of noncumulative 4% preferred stock with a $100 par value and 10,700 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	$	2,700
year 2	$	7,400
year 3	$	35,500

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