Arc Company had the following shares outstanding and retained earnings of December 31, 2015 2.30 Common Shares (500,000 outstanding) $ 500,000 $.80 Preferred shares (21000 outstanding 210,000 Retained Earnings 900.000 The board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2013 and 2014 Three independent cases are assumed Case A. The preferred shares are non-cumulative and the total amount of dividends pald is $25,000 Case B. The preferred shares are cumulative total amount of dividends is $ 25.000 Case C: Preferred shares are cumulative total amount of dividends is $75,000 REQUIRED: Calculate the total amount of dividends for preferred and common as well as the per share amount of dividends. Case PREFERRED Total Earnings Per Share COMMON Total Earings Per Share A B