Selected T-accounts for Jade Mineral Corporation at December 31, 2020, are duplicated below. Note: Required: Using the i

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Selected T-accounts for Jade Mineral Corporation at December 31,2020, are duplicated below.
Note:
Required:Using the information provided, answer the followingquestions.1. What is the total amount of dividends thatthe preferred shareholders are entitled to receive per year?
2. Are there any dividends in arrears atDecember 31, 2019? If yes, calculate the dividends inarrears.
3. Calculate total dividends paid during 2020to the:
4. During 2020, the company earned profit of$413,000. Calculate the balance in the Retained Earnings account atthe end of 2020.
5. Calculate Total Contributed Capital at theend of 2020.
6. Calculate Total Equity at December 31,2020.
7. How many more preferred shares areavailable for issue at December 31, 2020?
8. What was the average issue price per shareof the preferred shares at December 31, 2020? (Roundthe final answer to one decimal place.)