AL 1 AaBbCcDdEe AaBbCcDdEe AaBbCcDc Aa Normal No Spacing Heading 1 c. 26,000. d. 25,000 22. Dividends in arrears on cumulative preferred stock a. never have to be paid, even if dividends are paid to common stockholders. b. must be paid before common stockholders can receive a dividend. c. should be recorded as a current liability until they are paid. d. cnable the preferred stockholders to share equally in corporate earnings with the common stockholders. 23. The following selected amounts are available for Thomas Company. Retained earnings (beginning) $3,500 Net loss 200 Cash dividends declared 200 Stock dividends declared 200 What is its ending Retained Earnings balance? a. $3,200. b. $3,300. c. $2,900. d. $3,100