Hava Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operations. Hava paid cash dividends as follows: 2011 $14,500 2012 $0 2013 $65,500 2014 $30,000 2015 $15,000

What is the amount of dividends in arrears at the end of 2012? options: 1) $27,500 2) $13,500 3) $ 0 4) $ 6,500