The shareholders' equity section of Ivanoff Corporation at December 31, 2016 included the following: $960 000 Contributed Capital Share Capital $2 preferred shares, convertible into 4 common shares, cumulative, 20 000 shares authorized, 6 000 shares issued Common Shares. $36 market price, unlimited number of shares authorized, 200 000 shares issued Contributed Capital in excess of Stated Value Total Contributed Capital Retained Earnings Total Shareholders' Equity 1 200 000 300 000 $2 460 000 $500 000 $2 960 000 Complete the following statements and show your calculations. (a) If the company was $48 000 in arrears, how many years of dividends does the company owe their preferred shareholders (b) The company could reacquire shares for $61 200. (c) The total amount of cash and other assets paid to Ivanoff Corporation in exchange for share capital, as of December 31, 2016 was: (d) If the company issued a 3-for-1 stock split, what would the market price of the common shares be? (e) if the company issued a 3-for-1 stock split, what would the balance in the common shares account be