Sunland Corporation has 8,400 shares of $100 par value, 8%, preferred stock and 49,600 shares of $10 par value common stock outstanding at December 31, 2017. 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, 2014, what are the dividends in arrears that should be reported on the December 31, 2017, balance sheet? The amount of dividends in arrears on the December 31, 2017

(a)How should these dividends be reported? (b) If the preferred stock is convertible into 7 shares of $10 par value common stock and 3,400 shares are converted, what entry is required for the conversion assuming the preferred stock was issued at par value? (c) If the preferred stock was issued at $106 per share, how should the preferred stock be reported in the stockholders equity section? (Enter account name only and do not provide descriptive information.)

I understand a and b, but c, I have hard time with it. There should be three entries. I anwered as below:

Paid in Captial: Preferred stock this is the only one I was correct. Please help me. Thanks!