- Sweet Company's outstanding stock consists of 1,800 shares of cumulative 4% preferred stock with a $100 par value and 10,800 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 $ 2,800 $ 6,800 $36,000 Year 1 Year 2 Year 3 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice 0 $21600 preferred: SMA common O $36,000 preferred: 50 common 0 12.000 preferred. 524,000 common O 37200 preferred, 528.800 common