On December 31, 2025, Honey Dee's share structure includes common shares, cumulative preferred shares Class A, cumulative preferred shares Class B, and non-cumulative preferred shares Class C. Dividends were last declared in 2022. No dividends were declared in 2025. Therefore, under IFRS, on the December 31, 2025 financial statements, Honey Dee's Inc. will: O a. Report a liability equal to 3 years of dividends on preferred shares b. Report a liability equal to 2 years of dividends on preferred shares O c. Disclose in a foltnote to that there are 3 years of dividends on preferred shares in arrears d. Disclose in a footnote that there are 2 years of dividends on preferred shares in arrears