Please help!

You have taken the following information from the stockholder's equity section of a firm's balance sheet:

type

rate

non cumulative or cumulative par

par value issued

issued and outstanding

Book Value

PS

5%

cumulative

$70

30,000

$2,100,000

PS

7%

noncumulative

$50

16,000

$800,000

CS

$2

500,000

1,000,000

The firm has been in business for two years and has paid total dividends of $50,000 during that
		time. The total dividends paid out for year 3 will be $600,000.

a.	Find the dividend amounts to be paid out to the three classes of stock in year 3.
	b	If total stockholders' equity for this firm is $5,000,000 at the end of year 2, find the book value of the firm's common stock
		at the end of year 2.
	c	Why do firms need to consider the amount of their retained earnings when determining their dividend distribution amounts?
	d	What is the amount of liability that this firm would show for dividends in arrears on its year-2 balance sheet?