Check my work 3 CP11-4 Calculating Common and Preferred Cash Dividends [LO 11-2, LO 11-3, LO 11-4 Tower Corp. had the following stock outstanding and Retained Earmings at December 31, 2018. 25 points Common Btoek (par 8: outstanding. 34.000 shares) 272,030 3Preferred Stoek, 9h (par 510: eutstanding, ,400 share) Retained Earnings 284,030 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders, No dividends were declared during 2016 or 2017, and none have been declared yet in 2018. Three independent cases Print Beerencesare assumed Cosn As The preferred stoek in soneumalative the total anount of 2018 Cas. B1 The preferred "taek is 1ative, the total "oust of 201. dividends dividende vould be 13,00 vould be $17,280. Dividenda were not in arrears prior to 2016 Required 1a. Compute the amount of 2018 dividends, in total that would be payable to each class of stockholders if dividends were declared ats dividends are to be paid dividends for any prior years (n described in each case. TIP: Preferred stockholders with arrears) and for the current year before common s are paid 1b. Compute per case, the 2018 dividends per share, payeble to each class of stockholders. Complete this question by entering your answers in the tabs below Help Save&Exit Submit Check my work 3 dividends vould be 13,800 Case Bi The preferred stoek is eunulative; the total anount of 2018 dividends Case C1 Same . Cane , except the total divi da are $70,000 Required: 1-a. Compute the amount of 2018 dividends, in total that would be payable to each class of stockholders if dividends were declared as vould be $17,280. Dividends vere not in arrears prior to 2016 25 points described in each case. TIP: Preferred stockholders with cumulative dividends are to be paid dividends for any prior years (n arrears) and for the current year before common stockholders are paid 1-b. Compute per case, the 2018 dividends per share, payable to each cless of stockholders. Print Complte this question by entering your answers in the tabs below Relerences Req 1AReq 18 Compute the amount of 2018 dividends, in total that would be payable to each class of stockholders if dividends were declared as described in each case. TIP: Preferred stockholders with cumulative dividends are to be paid dividends for any prior years (in arrears) and for the current year before common stockholders are paid. Common Prev 3 of 4 l Next are assumed tock is noneunulativer the total anount of 2018 would be 13,000 25 total dividends are 70,000. , 16. 1a. Compute the amount of 2018 dividends, in total that would be in total that would be payable to each class of stockholders if dividends were declared as descrbed In each case. TiP. Preferred stockholders with cumulaive dvidends are to be paid dividends for any prior years Gr and for the current year before common stockholders are 1b. Compute per case, the 2018 dividends Pint per share, payable to each class of stockholders References Complete this question by entering your answers In the tabs below. Req IA Reg 18 Compute per case, the 2018 dividends per share, payable to each class of stockholders. (Round your answers to 2 decimal Common (per share)
