Sweet Company's 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 $ 3,900 $ 7,900 $41,500 year 1 year 2 year 3 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $16,700 preferred; $24,800 common. $0 preferred; $41,500 common. $9,500 preferred; $32,000 common. $41,500 preferred; $o common. $28,500 preferred; $13,000 common