Accounting

a. How much is the dividend arrearage as of January 1, Year 2? b. Assume that the board of directors declares a $53,500 cash dividend at the end of Year 2 (remember that the Year 1 and Year 2 preferred dividends are due). How will the dividend be divided between the preferred and common stockholders? Answer is not complete. Complete this question by entering your answers in the tabs below. How much is the dividend arrearage as of January 1 , Year 2