Question 3 Swifty Corporation's December 31, 2021 balance sheet showed the following: $ 130000 7% preferred stock, $20 par value, cumulative, 9000 shares authorized; 6500 shares issued Common stock, $10 par value, 1000000 shares authorized; 975000 shares issued, 960000 shares outstanding Paid-in capital in excess of per-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (14600 shares) 9750000 30000 13660000 3740000 315000 Swiftydeclared and paid a $59000 cash dividend on December 15, 2021. If the company's dividends in arrears prior to that date were $10900, Swifty's common stockholders received $39000 $25000 $0 $48100 Click if you would like to Show Work for this questions Open Show Work