Exercise 18.8 (Algo) Reporting preferred shares; disclosure note [LO18-4, 18-7] Ozark Distributing Company Is primarily engaged in the whiolesale distribution of consumer products in the Ozark Mountain regions. The following disclosure note appeared in the company's 2024 annual report: Note 5. Convertible Preferred Stock (n part): The Company has the following Convertible Preferred Stock outstanding as of September 2024: The Preferred Stock is corvertible at any time by the holders into a number of shares of Ozark's common stock equal to the number of preferred shares being converted times a fraction equal to $30 divided by the conversion price. The conversion prices for the Preferred Stock are subject to customary adjustments in the event of stock splits, stock dividends and certain othe distibutions on the Common Stock. Cumulative dividends for the Preferred Stock are payable in arrears, when, as, and if declared by the Board of Directors, on March 31, June 30, September 30, and December 31 of each year. The Preferred Stock is optionally redeemable by the Company beginning on various dates, as listed above, at redemption prices equal to 120% of the liquidation preference. The redemption pices decrease 1\% annually thereafter until the redemption price equals the iiquidation preference, after which date it remains the llquidation preference. Required: 1. What amount of dividends is paid annually to a preferred shareholder owning 250 shares of the Series A preferred stock? 2. If dividends are not pald in 2025 and 2026, but are paid in 2027 , what amount of dividends will the shareholder recelve? 3. If the investor chooses to convert the shares in 2025, how many shares of common stock will the investor receive for their 250 shares? 4. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 250 shares? Complete this question by entering your answers in the tabs below. What amount of dividenas in poid amually to a petered ihareholder owning 250 ahares of the Serion A prefered atock? Note Lintor percentogo yinue ios decimals Required: 1. What amount of dividends is paid annually to a preferred shareholder owning 250 shares of the Series A preferred stock? 2. If dividends are not pald in 2025 and 2026, but are paid in 2027, what amount of dividends will the shareholder receive? 3. If the investor chooses to convert the shares in 2025, how many shares of common stock will the investor receive for their 250 shares? 4. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 250 shares? Complete this question by entering your answers in the tabs below. If dividends ore not paki in 2025 and 2026, but ore pold in 2027, what imoint of dividends will the shareliolder receive? Note Round your aniwer to 3 decimal maces 2. If dividends are not paid in 2025 and 2026 , but are paid in 2027, what amount of dividends will the shareholder rece 3. If the investor chooses to convert the shares in 2025 , how many shares of common stock will the investor receive for shares? 4. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 250 shares? Complete this question by entering your answers in the tabs below. If the investor chooses to convert the shares in 2025, how many shares of common stock will the investor recelve for thein 250 shares? Noter Round your answers to 2 decimal places, 3. If the investor chooses to convert the shares in 2025, how many shares of common stock will the investor receive shares? 4. If Ozark chooses to redeem the shares on June 18,2025, what amount will the investor be paid for their 250 shares Complete this question by entering your answers in the tabs below. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 250 shares? Note: Round PRer Share Amounts" to 2 decimal places except percentage values. Exercise 18.8 (Algo) Reporting preferred shares; disclosure note [LO18-4, 18-7] Ozark Distributing Company Is primarily engaged in the whiolesale distribution of consumer products in the Ozark Mountain regions. The following disclosure note appeared in the company's 2024 annual report: Note 5. Convertible Preferred Stock (n part): The Company has the following Convertible Preferred Stock outstanding as of September 2024: The Preferred Stock is corvertible at any time by the holders into a number of shares of Ozark's common stock equal to the number of preferred shares being converted times a fraction equal to $30 divided by the conversion price. The conversion prices for the Preferred Stock are subject to customary adjustments in the event of stock splits, stock dividends and certain othe distibutions on the Common Stock. Cumulative dividends for the Preferred Stock are payable in arrears, when, as, and if declared by the Board of Directors, on March 31, June 30, September 30, and December 31 of each year. The Preferred Stock is optionally redeemable by the Company beginning on various dates, as listed above, at redemption prices equal to 120% of the liquidation preference. The redemption pices decrease 1\% annually thereafter until the redemption price equals the iiquidation preference, after which date it remains the llquidation preference. Required: 1. What amount of dividends is paid annually to a preferred shareholder owning 250 shares of the Series A preferred stock? 2. If dividends are not pald in 2025 and 2026, but are paid in 2027 , what amount of dividends will the shareholder recelve? 3. If the investor chooses to convert the shares in 2025, how many shares of common stock will the investor receive for their 250 shares? 4. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 250 shares? Complete this question by entering your answers in the tabs below. What amount of dividenas in poid amually to a petered ihareholder owning 250 ahares of the Serion A prefered atock? Note Lintor percentogo yinue ios decimals Required: 1. What amount of dividends is paid annually to a preferred shareholder owning 250 shares of the Series A preferred stock? 2. If dividends are not pald in 2025 and 2026, but are paid in 2027, what amount of dividends will the shareholder receive? 3. If the investor chooses to convert the shares in 2025, how many shares of common stock will the investor receive for their 250 shares? 4. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 250 shares? Complete this question by entering your answers in the tabs below. If dividends ore not paki in 2025 and 2026, but ore pold in 2027, what imoint of dividends will the shareliolder receive? Note Round your aniwer to 3 decimal maces 2. If dividends are not paid in 2025 and 2026 , but are paid in 2027, what amount of dividends will the shareholder rece 3. If the investor chooses to convert the shares in 2025 , how many shares of common stock will the investor receive for shares? 4. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 250 shares? Complete this question by entering your answers in the tabs below. If the investor chooses to convert the shares in 2025, how many shares of common stock will the investor recelve for thein 250 shares? Noter Round your answers to 2 decimal places, 3. If the investor chooses to convert the shares in 2025, how many shares of common stock will the investor receive shares? 4. If Ozark chooses to redeem the shares on June 18,2025, what amount will the investor be paid for their 250 shares Complete this question by entering your answers in the tabs below. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 250 shares? Note: Round PRer Share Amounts" to 2 decimal places except percentage values