for exam

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends Year 1 Year 2 $10,000 Year 3 45,000 90,000 Determine the dividends in arrears for preferred stock for the second year Select one: O a $25,000 O b. S30,000 O c. $10,000 O d. so