Vega Corporation's December 31, 2018 balance sheet showed the following:
8% preferred stock, $20 par value, cumulative, 10,000 shares
Vega declared and paid a $58,000 cash dividend on December 15, 2018. If the company's dividends in arrears prior to that date were $10,000, Vega's common stockholders received

Question

Vega Corporation's December 31, 2018 balance sheet showed the following:
8% preferred stock, $20 par value, cumulative, 10,000 shares 
Vega declared and paid a $58,000 cash dividend on December 15, 2018. If the company's dividends in arrears prior to that date were $10,000, Vega's common stockholders received

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The Answer of Vega Corporation's December 31, 2018 balance sheet showed the following:
8% preferred stock, $20 par value, cumulative, 10,000 shares 
Vega declared and paid a $58,000 cash dividend on December 15, 2018. If the company's dividends in arrears prior to that date were $10,000, Vega's common stockholders received

Vega Corporation's December 31, 2018 Balance Sheet Showed the Following