BABA Company has 2,000 shares of 5%, P100 par non-cumulative preference share outstanding at December 31, 2020. No dividends have been paid on this share for 2019 or 2020. Compute the dividends in...

BABA Company has 2,000 shares of 5%, P100 par non-cumulative preference share outstanding at December 31, 2020. No dividends have been paid on this share for 2019 or 2020.
Compute the dividends in arrears at December 31, 2020.

a. 0
b. 120,000
c. 360,000
d. 480,000