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Chicago Company reported the following information at the end of the current year: Common stock ( $10 par value; 49,000 shares outstanding) $ 490,000 Preferred

Chicago Company reported the following information at the end of the current year:

Common stock ( $10 par value; 49,000 shares outstanding) $ 490,000
Preferred stock, 15% ( $12 par value; 9,900 shares outstanding) 118,800
Retained earnings 290,500

The board of directors is considering the distribution of a cash dividend to the two groups of stockholders. No dividends were declared during the previous two years. Three independent cases are assumed:

Case A: The preferred stock is noncumulative; the total amount of dividends is $40,500.

Case B: The preferred stock is cumulative; the total amount of dividends is $53,460.

Case C: The preferred stock is cumulative; the total amount of all dividends is $91,900 .

Required:

1. Compute the amount of dividends, in total and per share, that would be payable to each class of stockholders for each case. (Round "Dividends per Share" to 2 decimal places.)

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