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Chicago Company reported the following information at the end of the current year: Common stock ($9 par value; 36,000 shares outstanding) $324,000 Preferred stock, 15%
Chicago Company reported the following information at the end of the current year: Common stock ($9 par value; 36,000 shares outstanding) $324,000 Preferred stock, 15% ($12 par value; 8, 100 shares outstanding) 97, 200 Retained earnings 281, 500 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. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount of dividends is $31, 500. Case B: The preferred stock is cumulative; the total amount of dividends is $43, 740. Case C: The preferred stock is cumulative; the total amount of all dividends is $90, 100. 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.)
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