Waterford Applicati... WP WileyPLUS B Bloomberg for Edu... Frontline - Sign In ACC 102 Examl 7 Saved Halverstein Company's outstanding stock consists of 13,650 shares of cumulative 5% preferred stock with a $10 par value and 5,850 s the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid 00:13:31 Year 1 Year 2 Year 3 $ 0 $11,700 $ 48,000 The amount of dividends paid to preferred and common shareholders in Year 2 is