Following is an excerpt from a recent Form 10-K of Pandora Media Inc. on its redeemable preferred stock.

In June 2017, we entered into an agreement with Sirius XM Radio, Inc. ("Sirius XM") to sell 480,000 shares of Series A for \(\$ 1,000\) per share, with gross proceeds of \(\$ 480.0\) million. The Series A shares were issued in two rounds: an initial closing of 172,500 shares for \(\$ 172.5\) million that occurred on June 9, 2017 upon signing the agreement with Sirius XM, and an additional closing of 307,500 shares for \(\$ 307.5\) million that occurred on September 22, 2017. In the year ended December 31, 2017, total proceeds from the initial and additional closing, net of preferred stock issuance costs of \(\$ 29.3\) million, was \(\$ 450.7\) million.

Conversion Feature. Holders of the Series A shares have the option to convert their shares plus any accrued dividends into common stock. We have the right to settle the conversion in cash, common stock or a combination thereof. The conversion rate for the Series \(\mathrm{A}\) is initially 95.2381 shares of common stock per each share of Series \(A\), which is equivalent to an initial conversion price of approximately \(\$ 10.50\) per share of our common stock, and is subject to adjustment in certain circumstances. Dividends on the Series A will accrue on a daily basis, whether or not declared, and will be payable on a quarterly basis at a rate of \(6 \%\) per year. We have the option to pay dividends in cash when authorized by the Board and declared by the Company or accumulate dividends in lieu of paying cash. Dividends accumulated in lieu of paying cash will continue to accrue and accumulate at rate of \(6 \%\) per year.

Redemption Feature As of December 31, 2017, there is no ability to redeem or require redemption of the Series A. Under certain circumstances, we will have the right to redeem the Series A on or after September 22, 2020. The Series A holders will have the right to require us to redeem the Series A on or after September 22, 2022. Any optional redemption of the Series A will be at a redemption price equal to \(100 \%\) of the liquidation preference, or \(\$ 1,000\) per share, plus accrued and unpaid dividends to, but excluding, the redemption date. In the event of a future redemption, whether initiated by us or by the holders, we will have the option to redeem the Series A in cash, common stock or a combination thereof.

Required 

Referring to the excerpt provided, answer the following questions.

a. Would we expect the redeemable preferred stock to be presented on the balance sheet as a liability or as equity?

b. Provide the summary entry for the issuance of the Series A redeemable stock in 2017, assuming that the preferred stock has a par value of \(\$ 0.0001\) per share. Indicate how the stock issue costs affect the journal entry.

c. Provide the entry if 100,000 shares of Series A preferred stock were converted to common stock, assuming that the common stock has a par value of \(\$ 0.001\) per share.

d. Determine the amount of dividends that would be in arrears for a full year, assuming no dividend declaration, no change in the number of preferred shares outstanding, and that the dividend rate applies to the net preferred stock proceeds (not the par value).