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Cumulative Preferred (Preference) Stockholders receive $0.75 per share. There are 55,000 shares. For the last 4 years no dividends have been paid. This year $125,000

Cumulative Preferred (Preference) Stockholders receive $0.75 per share. There are 55,000 shares. For the last 4 years no dividends have been paid. This year $125,000 is paid out in dividends. How much in dividends to preferred is still in arrears (if any) this year? A. Total amount due to preferred shareholders = _______________________ B. Amount declared available = __________________ C. Amount still in arrears (if any) = ____________________

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