As head of Adita Inc., potential investors are asking questions about the companys dividend payment history. The investors are also curious how dividend payments differed for common and preferred shareholders. To help answer their questions, the following Tableau Dashboard is provided

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Year 1: $25,000

Year 2: $30,000

Year 3: $210,000

Year 4: $360,000

Preferred Stock: 70,000 shares

Common Stock: 180,000 shares

Year 1 share price: $14

Yar 2 share price: $20

Year 3 share price: $18

Year 4 share price: $25

1. Assume that preferred stock is cumulative and compute the amount of cash dividends paid in each of Years 1, 2, 3, and 4 for each of the two classes of shareholders. Also calculate the total cash dividends paid out to each class for Years 1, 2, 3, and 4 combined.

2. How should dividends in arrears be reported on Aditas financial statements?

Check my work Cash Dividends Distributed by Year Number of Shares $400,000 $350,000 Preferred Stock $300,000 $250,000 $200,000 Common Stock $150,000 Preferred Stock Dividend Rate $100,000 Preferred Stock 6% Par Value Per Share $50,000 Common Stock $0.01 Preferred Stock $20.00 Year 1 Year 2 Year 3 Year 4 Common Stock Share Price $25 $20 $15 $10 $0 Year 1 Year 2 Year 3 Year 4 tableau Required 1 Required 2 How should dividends in arrears be reported on Adita's financial statements? How should dividends in arrears be reported on Adita's financial statements? Check my work Cash Dividends Distributed by Year Number of Shares $400,000 $350,000 Preferred Stock $300,000 $250,000 $200,000 Common Stock $150,000 Preferred Stock Dividend Rate $100,000 Preferred Stock 6% Par Value Per Share $50,000 Common Stock $0.01 Preferred Stock $20.00 Year 1 Year 2 Year 3 Year 4 Common Stock Share Price $25 $20 $15 $10 $0 Year 1 Year 2 Year 3 Year 4 tableau Required 1 Required 2 How should dividends in arrears be reported on Adita's financial statements? How should dividends in arrears be reported on Adita's financial statements?