Sweet Companys outstanding stock consists of 1,800 shares of noncumulative 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.

	Dividend Declared
year 1	$	2,800
year 2	$	7,600
year 3	$	36,000

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

Multiple Choice

• $14,400 preferred; $32,000 common.

• $14,800 preferred; $31,600 common.

• $17,200 preferred; $29,200 common.

• $7,200 preferred; $39,200 common.

• $21,600 preferred; $24,800 common.