Saved Help Save & Exit Submit TB MC Qu. 11-152 (Algo) Halverstein Company... 15 3 points Halverstein Company's outstanding stock consists of 10,850 shares of cumulative 5% preferred stock with a $10 par value and 4,650 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid Year 1 $ 0 Year 2 $ 9,300 Year 3 $ 40,000 Book References The amount of dividends paid to preferred and common shareholders in Year 2 is: Multiple Choice $5,425 preferred, 53,875 common Save Exit Submit Multiple Choice 15 $5.425 preferred: $3.875 common 3 paints $4,650 preferred. $4,650 common Rudences $0 preferred: $9,300common $6,510 preferred; $2790 common $9.300 preferred: 50 common