Ozark Distributing Company is primarily engaged in the wholesaledistribution of consumer products in the Ozark Mountain regions.The following disclosure note appeared in the company’s 2021 annualreport:

Note 5. Convertible Preferred Stock (in part):
The Company has the following Convertible Preferred Stockoutstanding as of September 2021:

Date of issuance:	June	17, 2018
Optionally redeemable beginning:	June	18, 2020
Par value (gross proceeds):	$	6,000,000
Number of shares:		240,000
Liquidation preference per share:	$	25
Conversion price per share:	$	32.74
Number of common shares in which to be converted:		183,262
Dividend rate:		6.870	%

The Preferred Stock is convertible at any time by the holders intoa number of shares of Ozark’s common stock equal to the number ofpreferred shares being converted times a fraction equal to $25divided by the conversion price. The conversion prices for thePreferred Stock are subject to customary adjustments in the eventof stock splits, stock dividends and certain other distributions onthe Common Stock. Cumulative dividends for the Preferred Stock arepayable in arrears, when, as, and if declared by the Board ofDirectors, on March 31, June 30, September 30, and December 31 ofeach year.

The Preferred Stock is optionally redeemable by the Companybeginning on various dates, as listed above, at redemption pricesequal to 120% of the liquidation preference. The redemption pricesdecrease 1% annually thereafter until the redemption price equalsthe liquidation preference, after which date it remains theliquidation preference.

Required:
1. What amount of dividends is paid annually to apreferred shareholder owning 150 shares of the Series A preferredstock?
2. If dividends are not paid in 2022 and 2023, butare paid in 2024, what amount of dividends will the shareholderreceive?
3. If the investor chooses to convert the sharesin 2022, how many shares of common stock will the investor receivefor his/her 150 shares?
4. If Ozark chooses to redeem the shares on June18, 2022, what amount will the investor be paid for his/her 150shares?