Requirements 1. Identify the different issues of stock that Beautiful Outdoor Fumiture Company has outstanding. 2. Give the summary entries te record issuance of all the Beautiful stock. Assume that all the stock was issued for cash. Explanations are not required. 3. Suppose Beautful passed its preferred dividends for three years. Would the company have to pay these dividends in arrears before paying dividends to the common stockholders? Give your reason. 4. What amount of preferred dividends must Beautiful declare and pay each yoar to avoid having preferred dividends in arrears? 5. Assume that preferred dividends aro in arroars for 2018. Journalize the declaration of an $810,000 dividend on March 31, 2019. An explanation is not required