1. Ellie Inc. had 6.5%, $100 par value cumulative preferred stock. Dividends are paid quarterly, and there are 50,000 shares outstanding. a. Calculate the dividend payout for the full year. b. Calculate the dividend payout for each quarter. c. If dividends were not paid out for the previous 2 years, calculate the total dividend payout for this year (including the current year). 2. Audrey Company had $2.50 no par value cumulative preferred stock. Dividends are paid semi-annually, and there are 100,000 shares outstanding. a. Calculate the dividend payout for the full year. b. Calculate the semi-annual dividend payout. c. If dividends were not paid out for the previous 3 years, calculate the total dividend payout for this year (including the current year).