Calgate Company had the following shares outstanding and retained earnings at the end of the current year: Preferred shares, 4% (par value $25; outstanding, 10,900 shares) Common shares (outstanding, 39,000 shares) Retained earnings $ 272,500 645,000 326,000 The board of directors is considering the distribution of a cash dividend to both groups of shareholders. No dividends were declared during the previous two years. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of dividends is $52,800. Case B: The preferred shares are cumulative; the total amount of dividends is $69,000. Case C: Same as case B, except the amount is $100,500. Required: 1. Compute the amount of dividends, in total and per share, that would be payable to each class of shareholders for each case. (Round "Per share" to 2 decimal places.) Preferred Shares Common Shares Case A: Total $ 10,900 $ 41,900 Per share $ 1.00 $ 1.07 Case B: Total $ 32,700 $ 36,300 Per share $ 3.00 $ 0.93 Case C: Total $ Per share $ 32,700 $ 3.00 $ 67,800 1.74 2. Assume that the company in Case C issued a 12 percent common stock dividend on the outstanding common shares. The market value per share was $24. on the date of declaration. Complete the following comparative schedule for common shares only, including explanation of the differences. (Enter any decreases to account balances with a minus sign.) Amount of Dollar Increase (Decrease) Item Cash Dividend-Case C Stock Dividend Assets Liabilities Shareholders' equity