27. In accounting for available-for-sale securities, the Unrealized Loss-Equity account should be classified as a a. liability on the balance sheet. b. loss on the income statement. C. deduction in the stockholders' equity section of the balance sheet. d. contra asset on the balance sheet. 28. Boon Corporation has the following stock outstanding: 6% Preferred, $100 Par $1,000,000 Common Stock, $50 Par 2,000,000 No dividends were paid the previous 2 years. If Boon declares $400,000 of dividends in the current year, how much will preferred stockholders receive if the preferred stock is cumulative? a. $220,000 b. $120,000 C. $60,000 d. $180,000