Current Attempt in Progress Bonita Ltd. issues 8,000, $4 cumulative preferred shares at $60 each and 14,000 common shares at $30 each at the beginning of 2019. Each preferred share is convertible into two common shares. During the years 2020 and 2021, the following transactions affected Bonita's shareholders' equity accounts: 2020 Jan. 10 2021 Paid $10,000 of annual dividends to preferred shareholders. Jan. 10 Paid annual dividend to preferred shareholders and a $3,000 dividend to common shareholders. Mar. 1 The preferred shares were converted into common shares. Journalize each of the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Are there any additional reporting requirements regarding preferred share dividends in either 2020 or 2021? The company needs to disclose dividends in arrears of $ in the notes to the financial state