The shareholders' equity section of Well Services Corporation, as of the end of 2020 follows. Wells began operations in 2016 and at the time issued 16,000 preferred shares. 160,000 Preferred shares (25,000 shares authorized, 16,000 issued) cumulative, non-participating, $3 dividend Common shares (750,000 shares authorized, 210,000 shares issued) 1,050,000 Retained earnings 515,000 Total Shareholders' equity 1,725,000 (a) Complete the following table: Year Total Dividends Paid Dividends for Preferred Dividends Paid to Preferred Dividends in Arrears 2016 48,000 0 (1) 2017 $53,000 96,000 (3) 43,000 2018 $107,000 (5) 91,000 (6) 2019 $39,000 48,000 (8) (9) 2020 $94,000 (10) 57,000 0 Dividends in Arrears Dividends paid to Common (1) (2) 43,000 (4) (6) (7) (9) 0 o (11)