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Chicago Company reported the following information at the end of the current year: Common stock ($5 par value: 41,000 shares outstanding) Preferred stock, 10%
Chicago Company reported the following information at the end of the current year: Common stock ($5 par value: 41,000 shares outstanding) Preferred stock, 10% ($15 par value: 8,600 shares outstanding) Retained earnings $205,000 129,000 284,000 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 $34,000. Case B: The preferred stock is cumulative; the total amount of all dividends is $38,700. Case C: The preferred stock is cumulative; the total amount of all dividends is $90,600. 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.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Preferred Dividends Common Dividends per Share Total Preferred Common Case A Case B Case C
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