Calgate Company had the following shares outstanding and retained earnings at the end of the current year: Preferred shares, 41 (par value $30; outstanding. 11,000 shares) Common shares outstanding. 40,000 shares) Retained earnings $ 330,000 650.000 331,000 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 $53,000. Case B: The preferred shares are cumulative; the total amount of dividends is $70,000 Case C: Same as case B, except the amount is $101.000. 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 11 percent common stock dividend on the outstanding common shares when the market value per share was $25. 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' equily