Beckham Company has 5,000 shares of 9%, $50 par cumulative preferred stock outstanding at December 31, 2013. No dividends have been paid on this stock for 2012 or 2013. Dividends in arrears at December 31, 2013 total:

Select one:

A. $45,000.

B. $4,500.

C. $22,500.

D. $0.

PLEASE EXPLAIN!!