Part 1 (Use your company's annual report) Please take a look at the Statement of Stockholders' Equity. Tell us about the common stock that the company has issued including its outstanding shares. Also, take a look at a website, such as Yahoo Finance and find information about the corporation's price per share and whether or not it issues a dividend. Please indicate what the balance is in the corporation's retained earnings account.

Part 2 A stockbroker advises a client to "buy preferred stock...with that type of stock, you will never have to worry about losing dividends." Is the stockbroker correct? Please include information about cumulative preferred stock and dividends in arrears when developing your post.