Sweet Acacia Limited has the following information available regarding its share capital at December 31, 2016:

Preferred shares, $3.50 cumulative, 22,000 shares issued $1,100,000

Preferred shares, $4.50 noncumulative, 11,100 shares issued 555,000

Common shares, 303,000 shares issued 1,515,000

The shares were issued when the corporation began operations on January 1, 2015. No dividends were declared during 2015 and 2016. On October 30, 2017, the board of directors declares the required preferred share dividends and a $0.50 dividend for each of the common shares. The dividends are payable on December 1, 2017, to the shareholders of record on November 16, 2017.

Assume that the maximum cash dividend the company can pay in 2017 is $212,000, determine the dividends in arrears, if any, at December 31, 2017.