weet Company's outstanding stock consists of 1,400 shares of umulative 6% preferred stock with a $100 par value and 11,400 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. Dividend Declared year 1 3,400 year 2 7,400 year 3$39,000 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $39.000 preferred; $0 common. $14,400 preferred; $24,600 common. $0 preferred; $39,000 common