D Question 3 O pts Company A began operations two (2) years ago on January 1st. The Company has never issued dividends before, although they have had sufficient earnings to do so. The company is authorized to issue 200,000 shares of $5 par value common stock and 100,000 shares of 5%, $70 par value cumulative preferred stock. As of December 31, 2019, before dividends were issued, the company had 150,000 shares of common stock issued and 100,000 shares outstanding. They also had issued and outstanding 75,000 shares of preferred stock. What is the value of dividends in arrears as of December 31, 2019, before dividends were declared for the year? $75,000 $131,250 $262,500 $525.000