Sweet Company's outstanding stock consists of 2,000 shares of noncumulative 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 Dividends Declared & Paid $ 4,000 $ 10,000 $ 42,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is:

Sweet Company's outstanding stock consists of 2,000 shares of noncumulative 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. The total amount of dividends paid to preferred and common shareholders over the three-year period is