Early in 2015, robbinsville press was organized with authorization to issue 100,000 shares of $100 par value preferred stock and 500,000 shares of $1 par value common stock. ten thousand shares of the preferred stock were issued at par, and 170,000 shares of common stock were sold for $15 per share. the preferred stock pays an 8 percent cumulative dividend. during the first four years of operations (2015 through 2018), the corporation earned a total of $1,385,000 and paid dividends of 75 cents per share in each year on its outstanding common stock. required: a) prepare the stockholder's equity section of the balance sheet at december 31, 2015. include a supporting schedule showing your computation of the amount of retained earnings reported. (hint : income increases retained earnings, whereas dividends decrease retained earnings). b) are there any dividends in arrears on the company's preferred stock at december 31, 2018? explain your answer.