When Crossett Corporation was organized in January. Your 1, it immediately issued 4,600 shares of $48 par, 6 percent, cumulative preferred stock and 10.000 shares of $12 par common stock. Its earnings history is as follows: Year net loss of $13.900: Year 2.net Income of $102,000; Year 3. net income of $116.800 The corporation did not pay a dividend in Yeart Required How much is the dividend arresrage as of January 1, Year 2? Odendance b. Assume that the board of directors declares a $38.996 cash dividend at the end of Year 2 remember that the Year 1 and Year 2 preferred dividends are duel. How will the dividend be divided between the preferred and common stockholders? Tot mounted to pretend shares Tot mount u common