Question 7 Not yet answered Marked out of 2 At Dec.31,2020 X company has following Balances Share Capital of OS $500,000 at par value of $10per share Share Capital of PS $100,000 at par value $100 per share Retained Earning $200,000 PS has a right in 5% interest and cumulative and fully participating Dividends Paid is $100,000 PS has one year dividends in arrear PS Share from cash dividends in 2020 is