Jacquet Wholesale Merchandise Inc. had 40,000 shares of 6%, CHF20 par value preference shares and 30,000 shares of CHF25 Par value ordinary shares outstanding throughout 2014. These data apply to each of the independent situations below. Total dividends declared in 2014 were $30,000. The preference shares are cumulative and no dividends were paid in 2012 or 2013. The amount of dividends in arrears at December 31, 2014 is

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The Answer of Jacquet Wholesale Merchandise Inc. had 40,000 shares of 6%, CHF20 par value preference shares and 30,000 shares of CHF25 Par value ordinary shares outstanding throughout 2014. These data apply to each of the independent situations below. Total dividends declared in 2014 were $30,000. The preference shares are cumulative and no dividends were paid in 2012 or 2013. The amount of dividends in arrears at December 31, 2014 is