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  3. 31) dividends on cumulative preferred shares of $3

31) Dividends on cumulative preferred shares of $3,000 are in arrears for 2022. During 2023,...

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Accounting

31) Dividends on cumulative preferred shares of $3,000 are in arrears for 2022. During 2023, the total dividends declared amount to $10,000. There are 5,000 shares of $1 cumulative preferred shares outstanding and 10,000 common shares outstanding. The total amount of dividends payable to each class of shares in 2023 amounts to: A) $8,000 to preferred, $2,000 to common. B) $10,000 to preferred, $0 to common. C) $5,000 to preferred, $5,000 to common. D) $3,000 to preferred, $7,000 to common

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