of The board of directors is considering the distribution of a cash dividend to the two groups shareholders. No dividends were declared during the previous two years. Three independent cases are assumed: Case A: Case B: Case C: Required: The preferred shares are non-cumulative; the total amount of dividends is $25,000. The preferred shares are cumulative; the total amount of dividends is $36,000. Same as Case B, except the amount is $77,500. 1. Compute the amount of dividends, in total and per share, payable to each class of shareholders for each case. 2. Refer to Case C and assume that the company issued a 10 percent common stock dividend on the outstanding common shares when the market value per share was $47. Complete the following comparative schedule for common shares only, including an explanation of the differences. Amount of Dollar Increase (Decrease) Item Assets Liabilities Shareholders' equity Cash Dividend-Case C Stock Dividend $ $ EA