Arc Company had the following shares outstanding and retained earnings at December 31, 2015: Common Shares (500,000 outstanding) $.80 Preferred shares (21,000 outstanding Retained Earnings $ 500,000 210,000 900,000 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 paid 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. PREFERRED Total Earnings Per Share COMMON Total Earnings Per Share Case Prey 2 of 4 Next >