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uestion 1 of 19 /10 lew Policies urrent Attempt in Progress Skysong Incorporated had issued common shares and 72,600, $3.50 preferred shares issued. Skysong did not pay a dividend to the preferred shareholders in 2023 and 2024. Determine the dividends in arrears, if any, at December 31, 2024 if (Do not leave any answer field blank Enter O for amounts.) a) The preferred shares were noncumulative, and $ b) The preferred shares were cumulative. $ Question Part Score Assuming the preferred shares were cumulative and Skysong declared payment of all dividends in arrears on December 31.2024. prepare the necessary journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent Assuming the preferred shares were cumulative and Skysong declared payment of all dividends in arrears on December 31, 2024 , prepare the necessary journal entry. (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 0 for the amounts. List debit entry before credit entry.) Assuming the preferred shares were cumulative and Skysong declared payment of $387,200 on December 31, 2024, how much of the dividends in arrears would be paid and what is still in arrears? Dividends paid $ Dividends in arrears $