From its inception through the year of 2017, First Mart, Inc. was profitable and made strong dividend payments each year. In the year 2018, First Mart had major losses and paid no dividends. In 2019, the company started making large profits again, and they were able to pay dividends to all shareholders-both common and preferred. There are 2,000 shares of cumulative, 8% preferred stock outstanding. The preferred stock has a par value of $100.00. What is the total amount of dividends that should be paid to the preferred stockholders in December, 2019? A. $48,000 OB. $16,000 O C. $32,000 OD. S92 Which of the following is the correct description of dividends in arrears? O A. the cumulative amount of dividends that were not paid in previous years O B. th O C. the cumulative amount of dividends that were paid in previous years O D. the amount of dividends that were paid after the payment date e amount of dividends that will be paid in the next vear Colorful Inc. was incorporated on January 1 2016. Colorful issued 15,000 shares of common stock and 800 shares o preferred stock on that date. The preferred stock s cumulative $100 par, with a 12% dividend rate. Colorful has not paid any dividends yet. In 2019, Colorful had its first profitable year, and on November 1, 2019, Colorful declared a total dividend of $44,000. What is the total amount that will be paid to common stockholders? A. $38,400 OB. $44,000 OC. $9,600 O D. $5,600