Sweet Company's outstanding stock consists of 2000 shares of cumulative 4% preferred stock with a $100 par value and 12,000 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. year 1 year 2 year 3 Dividend Declared $ 4,000 $ 6,400 $42,000 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $24.000 preferred; $18,000 common. $13.600 preferred: $28.400 common. () $8,000 preferred: $34.000 common. $0 preferred: $42.000 common ( $42,000 preferred; $0 common