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estion 57 2 points Vega Corporation's December 31, 2013 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized: 7,500

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estion 57 2 points Vega Corporation's December 31, 2013 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized: 7,500 shares issued $ 150,000 Common stock, $10 par value, 1,000,000 shares authorized; 975,000 shares issued, 960,000 shares outstanding 9,750,000 Paid-in capital in excess of par---preferred stock 30,000 Paid-in capital in excess of par-common stock 13,500,000 Retained earnings 3,750,000 Treasury stock (15,000 shares) 315,000 Vega declared and paid a $48,000 cash dividend on December 15, 2013. If the company's dividends in arrears prior to that date were $10,000, Vega's common stockholders receive $38,000 $22,000 $26,000 no dividend

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