Chicago Company reported the following information at the end of the current year: Common stock ($5 par value; 50,000 shares outstanding) Preferred stock, 10% ($15 par value; 9,800 shares outstanding) Retained earnings $ 250,000 147,000 290,000 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 $40,000. Case B: The preferred stock is cumulative; the total amount of all dividends is $44,100. Case C: The preferred stock is cumulative; the total amount of all dividends is $91,800. Required: 1. Compute the amount of dividends, in total and per share, that would be payable to each class of stockholders for each case. 2. Assume Chicago Company issued a 30 percent common stock dividend on the outstanding shares when the market value per share was $42. Fill in the table below to show how the stock dividend and Case C would affect Total Assets, Liabilities, and Stockholders' equity. 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. Note: Round "Dividends per Share" to 2 decimal places. Buldanda < Prev 5 of 5 Next >