The following information is taken from the balance sheet and related disclosures of Maxwell, Inc.:

Which of the following statements is (are) true? (For this question, more than one answer may be correct.)

a. The preferred dividends in arrears amount to \(\$ 120,000\) and should appear as a liability in the corporate balance sheet.

b. The book value per share of common stock is \(\$ 35\).

c. The stockholders' equity section of the balance sheet should indicate a deficit (negative amount in retained earnings) of \(\$ 700,000\).

d. The company has paid no dividend on its common stock during the past two years.

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Total paid-in capital .... Outstanding shares: Common stock, $5 par value $5,400,000 100,000 shares 6% preferred stock, $100 par value ... 10,000 shares Preferred dividends in arrears Total stockholders' equity.... 2 years $4,700,000