O https:/ewconnect.mhed uiz CH13 G Help Save &Exit Submit Fargo Company's outstanding stock consists of 300 shares of noncumulative 5% preferred stock with a $10 par value and 3,600 shares of common stock with a $1 par value. During the first three years of operation, the corporation deciared and paid the following total cash dividends. 2 Dividend Declared year 1 $26,e00 year 2 $ 9,000 year 3 35,000 0145:23 The amount of dividends paid to preferred and common shareholders in year lis $150 preferred: $25.850 common