Sweet Company's outstanding stock consists of 1,800 shares of cumulative 5% preferred stock with a $100 par value and 11800 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 $ 3,880 $ 7,800 $41, eee 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 $27.000 preferred: $25.600 common