00 points MC Qu. 168 Bank, Rupp& Baroque, Inc. began on... nk Rupp & Baro e Inc. began on January 1, 2015 by issuing oo oo shares of $1 par value common stock and 1 were declared in 2015 or 2016. Which of the following statements about this situation is correct? 0 shares of $50 par value, 6% cumulative preferred stock No dividend O Dividends Payable should be reported on the December 31, 2015 balance sheet O Dividends Payable should be reported on the December 31, 2016 balance sheet O Dividends in arrears should be disclosed in the notes to the 2015 and 2016 financial statements O Dividends expense should be reported on the income statement for the year ended December 31, 201s 20 a 5 6 1 8