Beckham Company has 1,000 shares of 6%, $100 par cumulative preferred stock outstanding at December 31, 2010. No dividends have been paid on this stock for 2009 or 2010. Dividends in arrears at December 31, 2010 total a. $0. O b. $600. O c. $12,000. d. $6,000. A corporation purchases 30,000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders' equity? O a. Increase by $1,050,000 b. Decrease by $1,050,000 O c. Increase by $600,000 O d. Decrease by $600,000