Sweet Companys outstanding stock consists of 1,900 shares of cumulative 5% preferred stock with a $100 par value and 11,900 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	$	3,900
year 2	$	7,900
year 3	$	41,500

The amount of dividends paid to preferred and common shareholders in year 3 is:

Multiple Choice

$16,700 preferred; $24,800 common.

$9,500 preferred; $32,000 common.

$28,500 preferred; $13,000 common.

$41,500 preferred; $0 common.

$0 preferred; $41,500 common.