Swifty Corporation has 10,800 shares of $100 par value, 7%, preferred stock and 46,500 shares of $10 par value common stock outstanding at December 31,2025 . Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and divigends were last paid on the preferred stock on Decernber 31,2022 , what are the dividends in arrears on December 31,2025 ? The amount of dividends in arrears on the December 31,2025$ How should these dividends bereported? The cumulative dividend is as a llability. (b) If the preferred stockis convertible into 7 shares of $10 par value common stock and 3.500 shares are corwerted, what entry is required for the conversion assuming the preferred stock was issued at par value? (list all dithit entnies before credit entries. Credit pocount tities are outomatically indented when the anount is entered. Do not indent monually .ff ne entry is regulird select "No Entry" for the ocoount tities and enter 0 for the amounts) (c) If the preferred stock was issued at $10 s per share, how should the preferred stock be reported in the stocicholders equity section? (Enter occount name only and do not provide descriptive information)