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Daisy Company has 1,000 shares of 8%, $100 par cumulative preferred stock outstanding at December 31, 2020. No dividends have been paid on this stock

Daisy Company has 1,000 shares of 8%, $100 par cumulative preferred stock outstanding at December 31, 2020. No dividends have been paid on this stock for 2018, 2019 or 2020. Dividends in arrears at December 31, 2020 total

a. $0. b. $8,000. c. $16,000. d. $24,000.

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