iz Chapter 11 Saved Help Save & Exit Submit 7 Sweet Company's outstanding stock consists of 1,400 shares of cumulative 6% preferred stock with a $100 par value and 10,400 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 ints $2,400 $ 6,400 $34,000 Year 1 Year 2 0t1633 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is Multiple Choice $8.400 preferred: $34,400 common. $16,800 preferred; $26,000 common $14,800 preferred: $28.000 common.