Sweet Company's outstanding stock consists of 1,500 shares of noncumulative 4. preferred stock with a $100 per value and 10,500 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. Dividendo Declared & Paid $ 2,500 $ 7,000 $34,500 Year 1 Year 2 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $18,000 preferred: $26,000 common O $13.000 preferred: $31000 common $6,000 preferred: $38,000 common 80 Next >