Calgate Company had the following shares outstanding and retained earnings at December 31, 2017: Preferred shares, 4% (par value $30; outstanding, 11,400 shares) Common shares (outstanding, 44,000 shares) Retained earnings $ 342,000 670,000 180,000 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 $53,800. Case B: The preferred shares are cumulative; the total amount of dividends is $74,000. Case C: Same as case B, except the amount is $103,000. 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 10 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.) Item Amount of Dollar Increase (Decrease) Cash Dividend-Case C Stock Dividend $ 0 0 $ 0 Assets Liabilities Shareholders' equity $ GA