Crazy S Company has the following outstanding: Preferred Stock (5%, $10 par. 10,000 shares issued and outstanding) Common Stock ($1 par, 50,000 shares issued and outstanding) The preferred stock is cumulative and the company had 2-year dividends in arrears when they declared dividends of $13,000 **in year 3**. How much of the $13,000 will go to common shareholders? O $3,000 O $5,000 O $0 O $10,000 Question 2 1 pts Susan bought an estate in the country for $1,510,000 ten years ago for her business and would have to pay $6,150,000 to buy a similar estate now. At which amount should Susan report the estate on a Balance Sheet prepared in accordance with GAAP (Generally Accepted Accounting Principles)? O $1,510.000 O $6,150.000 Either amount is acceptable under GAAP O A fairly determined amount between $1,510,000 and $6,150,000