Janeek Enterprise

[Preferred shareholders]

Please show all work and answer promptly.

Question 1 0.5 points Save Answer The shareholders' equity of Janeek Enterprises includes $234,500 of no par common stock and $438,400 of 9% cumulative preferred stock. The board of directors declared cash dividends of $86,100 in 2016 after paying $31,100 cash dividends in 2015. What is the amount of dividends in arrears for preferred shareholders in 2015