Chicago Company reported the following information at the end of the current year: $312,000 Common stock ( $8 par value; 39,000 shares outstanding) Preferred stock, 10% ( $12 par value; 8,400 shares outstanding) Retained earnings 100,800 283,000 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 $33,000. Case B: The preferred stock is cumulative; the total amount of all dividends is $30,240. Case C: The preferred stock is cumulative; the total amount of all dividends is $90,400. 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 Required 1 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.) Dividends per Dividends Share Preferred Common Total Preferred Common Case A Case B Case C Complete this question by entering your answers in the tabs below. Required 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.) Show less AMOUNT OF DOLLAR INCREASE (DECREASE) Item Cash Dividend Case C Stock Dividend Assets Liabilities Stockholders' equity