Novak Corporation has 9,400 shares of $100 par value, 8%, preferred stock and 45,900 shares of $10 par value common stock outstanding at December 31, 2025. Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2022, what are the dividends in arrears on December 31, 2025? The amount of dividends in arrears on the December 31, 2025 How should these dividends be reported? The cumulative dividend is as a liability. $ (b) if the preferred stock is convertible into 7 shares of $10 par value common stock and 3,900 shares are converted, what entry is required for the conversion assuming the preferred stock was issued at par value? (List all debit entries before credit entries. 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)

(b) If the preferred stock is convertible into 7 shares of $10 par value common stockand 3,900 shares are converted, what entry is required for the comversion assuming the preferred stock was issued at par value? Q ist all debit entries before credit entries. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts) (c) If the preferred stock was issued at $109 per share, how should the preferred stock be reported in the stockholders' equity section? (Enter occount name only and do not provide descriptive information)