Calgate Company had the following shares outstanding and retained earnings at December 31, 2017:

Preferred shares, 4% (par value $30; outstanding, 11,500 shares)	$	345,000
Common shares (outstanding, 45,000 shares)		675,000
Retained earnings		170,000

The board of directors is considering the distribution of a cash dividend to the two groups of shareholders. No dividends were declared during 2015 or 2016. Three independent cases are assumed:

Case A:	The preferred shares are non-cumulative; the total amount of dividends is $54,000.
Case B:	The preferred shares are cumulative; the total amount of dividends is $75,000.
Case C:	Same as case B, except the amount is $103,500.

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.)

Calgate Company had the following shares outstanding and retained earnings at December 31, 2017 Preferred shares, 4% (par value $30; outstanding, 11,500 shares) Common shares (outstanding, 45,000 shares) Retained earnings S 345,000 675,000 170,000 The board of directors is considering the distribution of a cash dividend to the two groups of shareholders No dividends were declared during 2015 or 2016. Three independent cases are assumed Case A: Case B: Case C: The preferred shares are non-cumulative; the total amount of dividends is $54,000 The preferred shares are cumulative; the total amount of dividends is $75,000 Same as case B, except the amount is $103,500 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 Per share Case B Total Per share Case C: Total Per share 2. Assume that the company issued a 10 percent common stock dividend on the outstanding common shares when the market value per share was $22. Complete the following comparative schedule for common shares only. (Enter any decreases to account balances with a minus sign.) Amount of Dollar Increase (Decrease) Cash Dividend-Case C Stock Dividend Item Assets Liabilities Shareholders' equity