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Splish Corporation has 11,200 shares of $100 par value, 8%, preferred stock and 48,300 shares of $10 par value common stock outstanding at December 31,2025

image text in transcribedimage text in transcribed Splish Corporation has 11,200 shares of $100 par value, 8%, preferred stock and 48,300 shares of $10 par value common stock outstanding at December 31,2025 Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31,2022, what are the dividends in arrears on December 31,2025 ? The amount of dividends in arrears on the December 31, 2025 How should these dividends be reported? The cumulative dividend is as a liability. 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 O for the amounts.) 1. If the nreferred stock was issued at $108 per share, how should the preferred stock be reported in the stockholders' equity section? (Enter account name only and do not provide descriptive information.) How should these dividends be reported? The cumulative dividend is as a liability. 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.) eTextbook and Media List of Accounts Last saved 1 second ago. Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes

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