Calgate Company had the following shares outstanding and retained earnings at the end of the current year: Preferred shares, 4% (par value $25; outstanding, 10,900 shares) Common shares (outstanding, 39,000 shares) Retained earnings $ 272,500 645,000 326,000 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 $52,800. Case B: The preferred shares are cumulative; the total amount of dividends is $69,000. Case C: Same as case B, except the amount is $100,500. 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 $ 10,900 $ 41,900 Per share Case B: Total Per share Case C Total Per share 2. Assume that the company issued a 12 percent common stock dividend on the outstanding common shares when the market value per share was $24. 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