Oriole Corporation has 8,400 shares of $100 par value, 9%, preferred stock and 48,200 shares of $10 par value common stock outstanding at December 31, 2017. Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2014, what are the dividends in arrears that should be reported on the December 31, 2017, balance sheet?

The amount of dividends in arrears on the December 31, 2017 is?