Chicago Company reported the following information at the end of the current year: Common stock ($8 par value; 35,000 shares outstanding) Preferred stock, 10 % ($15 par value; 8,000 shares outstanding) Retained earnings $280,000 120,000 281,000 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 $31,000. Case B: The preferred stock is cumulative; the total amount of all dividends is $36,000. Case C: The preferred stock is cumulative; the total amount of all dividends is $90,000. Required: 2. Assume Chicago Company issued a 30 percent common stock dividend on the outstanding shares when the market value per share was $24. Fill in the table below to show how this stock dividend would compare to Case C. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume Chicago Company issued a 30 percent common stock dividend on the outstanding shares when the market value per share was $24. Fill in the table below to show how this stock dividend would compare to Case C. (Leave no cells blank - be certain to enter "0" wherever required.) AMOUNT OF DOLLAR INCREASE (DECREASE) Item Cash Dividend-Case C Stock Dividend Assets $ 591,000 Decrease 102,000 No effect Liabilities $ 0 No effect $ 0 No effect Stockholders' equity $ 591,000 Decrease $ 579,000 No effect