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Any help finding the answers to the solutions would be appreciated greatly. I've been suck on this homework problem and cannot find the right answers.

Any help finding the answers to the solutions would be appreciated greatly. I've been suck on this homework problem and cannot find the right answers. Hopefully the imagine uploaded to the question comment box.. please message me if it didn't upload.

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Tower Corp. had the following stock outstanding and Retained Earnings at December 31, 2015: Common Stock [par $3; outstanding, 34,000 shares} if 272000 Preferred Stock, 0% {par $1 0; outstanding, 5,400 shares} 54,000 Retained Ea mings 284000 On December 31, 2015. the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2013 or 2014, and none have been declared 1,ret in 2015. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount of 2015 dividends would be $13,000. Case B: The preferred stock is cumulative; the total amount of 2015 dividends would be $11280. Dividends were not in arrears prior to 2013. Case C: Same as Case El, except the total dividends are $20,000. Required: 1a. Compute the amount of 2015 dividends, in total that would be payable to each class of stockholders if dividends were declared as described in each case. TIP: Preferred stockholders with cumulative dividends are to be paid dividends for anv prior vears {in arrears] and for the current 1,rear before common stockholders are paid. 1b. Compute per case, the 2015 dividends per share, pavable to each class of stockholders. {Round your answers to 2 decimal places] Prefer'ed'w --- share Common rpershare}

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