Put in the correct order - from first to last - the payments that a corporation makes each year for the following categories:

Payment of dividends on common stock shares

Loan expenses (e.g., interest payments & coupon payments)

Payment of dividends on preferred stock shares

Operating expenses (e.g., wages, production costs, payments to suppliers)

4, 2, 1, 3

3, 1, 4, 2

4, 2, 3, 1

1, 4, 2, 3