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Question 11 (1 point) ACME Inc. issued 110000, $3 cumulative preferred shares to fund its first investment in wind generators. In its first year

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Question 11 (1 point) ACME Inc. issued 110000, $3 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $250000 of dividends to its preferred shareholders. How much are the dividends in arrears for the first year? Input your answer without a $ sign or comma. For example, if it is $123,456, input 123456 Your Answer: Answer

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