When Crossett Corporation was organized in January, Year 1. it immediately issued 5 200 shares of $53 par 5 percent, cumulativo preferred stock and 11,000 shares of $5 par common stock. Its earnings history is as follows: Year 1 net loss of $13,800, Year 2 net Income of $117,000, Year 3, net income of $95.900. The corporation did not pay a dividend in Year 1. Required a. How much is the dividend arreatage as of January 1. Year 2? Didendange b. Assume that the board of directors declares a $44,060 cash dividend at the end of Year 2 (temember that the Year and Year) preferred dividends are checy. How will the clividend be elvided between the prefetted and common stockholders? Total amount darbuted to protected shares Total amount distbuted to common shares