Sweet Company's outstanding stock consists of 1,200 shares of cumulative 4%

Sweet Company's outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 11,200 shares of common stock with a $10 par value.ย During the first three years of operation, the corporation declared and paid the following total cash dividends. ย  Dividend DeclaredYear 1$3,200Year 2$7,200Year 3$38,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: