Tim Burr Logging Company has 10,000 shares of 5%, $100 par non-cumulative preferred stock outstanding at December 31, 2019. No dividends have been paid on this stock for 2017, 2018 or 2019. Dividends in arrears as of January 1, 2020, would be: (Round your answer to the nearest dollar. Do not use dollar signs, commas or decimals.)