* Question 3 Sunland Company December 31, 2017 balance sheet showed the following: 6% preferred stock, $10 par value, cumulative, 30000 shares authorized; 20000 shares issued Common stock, $10 par value, 4,000,000 shares authorized; $200000 2,600,000 shares issued, 2,560,000 shares outstanding Paid-in capital in excess of par value - preferred stock Paid-in capital in excess of par value - common stock Retained earnings Treasury stock (40,000 shares) 26000000 64000 28200000 9650000 748000 Sunland declared and paid a $82100 cash dividend on December 15, 2017. If the company's dividends in arrears prior to that date were $21000, Sunland common stockholders received o no dividend O $70100. O $60100 $49100