Resco Corporation has had 10,000 shares of $3, cumulative preferred shares outstanding as well as 35,000 common shares since it was incorporated. During the first, second, and third years of operations, $15,000, $18,000 and $50,000 in dividends, respectively, were paid. The dividends in arrears in year three amounted to: Question 30 options: $30,000. $7,000. $0. $8,000