Calgate Company had the following shares outstanding and retained earnings at the end of the current year:

Preferred shares, 4% (par value $25; outstanding, 10,500 shares)	$	262,500
Common shares (outstanding, 35,000 shares)		625,000
Retained earnings		306,000

The board of directors is considering the distribution of a cash dividend to the two 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 $52,000. Case B: The preferred shares are cumulative; the total amount of dividends is $65,000. Case C: Same as case B, except the amount is $98,500.

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.)

2. Assume that the company issued a 8 percent common stock dividend on the outstanding common shares when the market value per share was $23. Complete the following comparative schedule for common shares only. (Enter any decreases to account balances with a minus sign.)