Sweet Companys outstanding stock consists of 1,900 shares of cumulative 5% preferred stock with a $100 par value and 10,900 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.

	Dividends Declared & Paid
Year 1	$	2,900
Year 2	$	6,900
Year 3	$	36,500

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

Multiple Choice

• $16,400 preferred; $29,900 common.

• $28,500 preferred; $17,800 common.

• $21,900 preferred; $24,400 common.

• $9,500 preferred; $36,800 common.

• $19,000 preferred; $27,300 common.