Carlos Company had the following stock outstanding and Retained Earnings at December :

Common Stock par $; issued and outstanding, shares

$

Preferred Stock, par $; issued and outstanding, shares

Retained Earnings

On December the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during or Three independent cases are assumed:

Case A:

The preferred stock is noncumulative; the total amount of dividends would be $

Case B:

The preferred stock is cumulative; the total amount of dividends would be $ Dividends were not in arrears prior to

Case C:

Same as Case B except the amount is $

Required:

a Compute the amount of dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case.

b Compute the amount of dividends per share payable to each class of stockholders for each case.