Swifty Corporation has 8,200 shares of $100 par value, 7%, preferred stock and 46,200 shares of $10 par value common stock outtstanding 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 at December 31, 2017? Amount of dividends in arrears How should these dividends be reported? as a liability. The cumulative dividend is (b) If the preferred stock is convertible intoo 7 shares of $10 par value common stock and 3,300 shares are converted, what entry is required for the conversion assuming the preferred stock was issued at par value? (Credit account titles are automatically indented when 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.) Account Titles and Explanation Debit Credit (c) the preferred stock was issued at $105 per share, how should the preferred stock be reported in the stockholders' equity section? (Enter account name only and do not provide descriptive information.) Swifty Corporation Balance Sheet (Partial) $ Open Show Work Click if you would like to Show Work for this