The Lara Company has 100,000 shares of common stock outstanding with a $10 per share par value. In addition, the company has 30,000 shares of preferred stock outstanding with a $100 par value. On this preferred stock, there is a 5 percent annual dividend that is cumulative. No dividend is paid on the preferred stock during Year One. Which of the following statements is true?

a.The company has to report a current liability of $150,000.

b.The company has to report a noncurrent liability of $150,000.

c.The company must disclose information about the nature of this missed dividend.

d.The company has to report an amount within stockholders equity for this $150,000.