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National Health Corporation (NHC) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $9 per share. The company has been

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National Health Corporation (NHC) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $9 per share. The company has been losing money and has not paid preferred dividends for the last five years. There are 460.000 shares of preferred stock outstanding and 760.000 shares of common stock. a. How much is the company behind in preferred dividends? Preferred dividends in arrears b. If NHC eams $19,000,000 in the coming year atter taxes and before dividends, and this is all paid out to the preferred sharehoiders, how much will the company be in arrears (behind in payments)? Keep in mind that the coming year would represent the sixth year. Amount still in arrears c. This part of the question is not part of your Connect assignment

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