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

Preferred shares, 4% (par value $30; outstanding, 11,500 shares)$345,000Common shares (outstanding, 45,000 shares)675,000Retained earnings170,000

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.)

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.)