26) Mozart & Company paid cash dividends totaling $160,000 in 2016 and $85,000 in 2017. In 2018, the company will pay cash dividends of $800,000. There were no dividends in arrears as of January 1, 2016. There are 25,000 shares of common stock outstanding and 100,000 shares of 6 percent, $50 par cumulative preferred stock outstanding.

What is the amount of cash dividends payable to common stockholders in 2018?

A) $145,000

B) $140,000

C) $355,000

D) $800,000

28) Syd's Co. reported comprehensive income of $8,700 for the current year. It had unrealized losses on available-for-sale debt securities of $1,700 after tax, and a foreign currency translation gain of $1,900 after tax. What is net income for the current year?

A) $8,500

B) $8,900

C) $7,000

D) $10,600