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B513.5 (160 2) AP Beauce Incorporated had 45,000,$2.50 preferred shares issued. It did not pay a dividend fo the preferred shareholders in 2023 and 2024.

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B513.5 (160 2) AP Beauce Incorporated had 45,000,$2.50 preferred shares issued. It did not pay a dividend fo the preferred shareholders in 2023 and 2024. (a) What are the dividends in arrears, if any, at December 31,2024 , if the shares are cumulative and if they are noncumulative? (b) How are dividends in arrears reported in the financial statements? Record income tax

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