Sweet Company's Outstanding Stock Consists of 1,000 Shares of Noncumulative

Sweet Company's outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000 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. $$\begin{array}{l}\begin{array} { l r r } &\text { Dividend Declared }\\\text { year 1 } & \$ 2,000 \\\text { year 2 } & \$ 6,000 \\\text { year 3 } & \$ 32,000 \\\end{array}\end{array}$$ The total amount of dividends paid to preferred and common shareholders over the three-year period is:

A) $10,000 preferred; $30,000 common.
B) $12,000 preferred; $28,000 common.
C) $5,000 preferred; $35,000 common.
D) $15,000 preferred; $25,000 common.
E) $11,000 preferred; $29,000 common.