Sweet Company’s outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 10,200 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

Year 1 $ 2,200

Year 2 $ 6,200

Year 3 $ 33,000


The total amount of dividends paid to preferred and common shareholders over the three-year period is: