Sweet Companys outstanding stock consists of 1,900 shares of noncumulative 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. Dividends Declared & Paid Year 1 $ 3,900 Year 2 $ 9,800 Year 3 $ 41,500 The total amount of dividends paid to preferred and common shareholders over the three-year period is