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1 Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2021 Common stock (per $1; issued and outstanding, 563,000 shares)
1 Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2021 Common stock (per $1; issued and outstanding, 563,000 shares) Preferred stock, 91(per 310; sed and outstanding, 21,400 shares) On December 31, 2025, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2019 or 2020, Three independent cases are assumed Case As The preferred stock is encumulatives the total aunt of 2023 dividende would be $36,000. Case The preferred stock is cumlative; the total amount of 2021 dividende would be $16,000. Dividends were not in arrears prior to 2019. Case Ciane as Case 3, wept the amount is $81,000. Required 1. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case. 1-b. Compute the amount of dividends per share payable to each class of stockholders dividends were declared as described in each case. Complete this question by entering your answers in the tabs below. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in Cass A Case Can C Prefeed Commen " 18440216.000 M.320 136560 22,50 214.000 218000 1.000
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