Sheffield corporation’s december 31, 2018 balance sheet showed the following: 9% preferred stock, $20 par value, cumulative, 9000 shares authorized; 6500 shares issued $ 13 common stock, $10 par value, 11 shares authorized; 1075000 shares issued, 106 shares outstanding 1075 paid-in capital in excess of par―preferred stock 29000 paid-in capital in excess of par―common stock 1361 retained earnings 38 treasury stock (15000 shares) 327000 sheffield declared and paid a $57100 cash dividend on december 15, 2018. if the company’s dividends in arrears prior to that date were $10100, sheffield’s common stockholders