8. Flintstone Corporation has 10,000 shares of $100 par value, 10%, preferred stock and 150,000 shares of $1 par value common stock outstanding on December 31, 2020. The preferred stock has a market value of $120 per share. If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2018, what are the dividends in arrears that should be reported on the December 31, 2020 balance sheet?