Magic Conglomerates had the following preferred stock outstanding at the end of a recent year:

$25 par, 10%	6,000 shares
$38 par, 8%, cumulative	11,000 shares
$50 par, 12%, cumulative, convertible	2,000 shares
$80 par, 11%, nonparticipating	15,000 shares

Required:

1. Determine the amount of annual dividends on each issue of preferred stock and the total annual dividend on all four issues.

Issue 1 ($25 par, 10%) of preferred stock	$fill in the blank 1
Issue 2 ($38 par, 8%, cumulative) of preferred stock	fill in the blank 2
Issue 3 ($50 par, 12%, cumulative, convertible) of preferred stock	fill in the blank 3
Issue 4 ($80 par, 11%, nonparticipating) of preferred stock	fill in the blank 4
Total annual dividend	$fill in the blank 5

2. Calculate what the amount of dividends in arrears would be if the dividends were omitted for 1 year. $fill in the blank 6