Preferred Dividends Magic Conglomerates Ltd. had the following preferred shares outstanding at the end of a recent year:

\section*{Required:}
1. Determine the amount of annual dividends on each issue of preferred shares and the total annual dividend on all four issues.
2. Calculate what the amount of dividends in arrears would be if the dividends were omitted for one year.
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$25 stated value, 8%, non-cumulative $30 stated value, 8%, cumulative $50 stated value, 9%, cumulative, convertible $75 stated value, 10%, nonparticipating 10,000 shares 8,000 shares 5,000 shares 15,000 shares