Common stock ($7 par value; 45,000 shares outstanding) Preferred stock, 10 ($12 par value; 9,000 shares outstanding) Retained earnings $ 315,000 108,000 286,000 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 $36,000. Case B: The preferred stock is cumulative; the total amount of all dividends is $32,400. Case C: The preferred stock is cumulative; the total amount of all dividends is $91,000. 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 $34. 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. Preferred Stock Dividends Common Total Stock Dividends per Share Preferred Stock Common. Stock Case A Case B Case C