Selected T-accounts for Jade Mineral Corporation at December 31,2020 , are duplicated below Note: - Dividends were not paid during 2018 or 2019 . Dividends of $4.00 per common share were declared and paid for the year ended December 31,2020 - 2018 was the firstyear of operations - All shares were issued in the first year of operations Required: Using the information provided, answer the following questions. 1. What is the total amount of dividends that the preferred shareholders are entitled to receive peryear? 2. Are there any dividends in arrears at December 31,2019 ? If yes, calculate the dividends in arrears. 3. Calculate total dividends paid during 2020 to the: 4. During 2020 , the company earned profit of 5400.000. Calcuiate the balance in the Retained Earnings accountat the end of 2020 5. Calculate Total Contributed Capital at the end of 2020 . 6. Calculate Total Equity at December 31,2020 . 7. How many more preferred shares are available for issue at December 31,2020 ? 8. What was the average issue price pershare of the preferred shares atDecemter 31,2020 \{Round the final answer to one decimal place.)