Chicago Company reported the following information at the end of the current year: Common stock ($5 par value; 48,000 shares outstanding) Preferred stock, 10% ($10 par value; 10,000 shares outstanding) Retained earnings $240,000 100,000 291,000 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. Assume the three cases below are independent of each other. Case A: The preferred stock is noncumulative; the total amount of all dividends is $41,000. Case B: The preferred stock is cumulative; the total amount of all dividends is $30,000. Case C: The preferred stock is cumulative; the total amount of all dividends is $92,000.