why its wrong?

Sweet Company's outstanding stock consists of 1200 shares of cumulative 5% 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 Dividends Declared & Paid Year 1 $ 2,400 Year 2 $ 7,200 Year 3 $ 38,400 The amount of dividends paid to preferred and common shareholders in year 3 Moe Choice $30 400 preferred 5 common $12.000 med 525.400 como