21. Ellie Inc. has 6% cumulative preferred stock, $10 par value, 20,000 shares authorized, 12,000 shares issued and outstanding. Calculate the following:

(a). Annual dividend payment.

(b). If dividends were not paid out for the last 2 years, what would the total dividend payment be this year?

(c). If only 10,000 shares were outstanding, how many shares would be considered treasury stock?