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

Preferred shares, 4% (par value $30; outstanding, 10,200 shares)	$	306,000
Common shares (outstanding, 32,000 shares)		610,000
Retained earnings		291,000

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 $51,400. Case B: The preferred shares are cumulative; the total amount of dividends is $62,000. Case C: Same as case B, except the amount is $97,000.

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.)

2. Assume that the company issued a 12 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.)

Preferred Shares Common Shares Case A: Total Per share $ 32,000 Case B: Total Per share Case C Total Per share Amount of Dollar Increase (Decrease) Cash Dividend-Case C Stock Dividend Item Assets Liabilities Shareholders' equity