P11-4 Comparing Stock and Cash Dividends LO11-4, 11-6 Calgate Company had the following shares outstanding and retained earnings at December 31, 2017: Preferred shares, 4% (par value $25; outstanding, 10,100 shares) Common shares (outstanding, 31,000 shares) Retained earnings $ 252,500 605.000 286,000 The board of directors is considering the distribution of a cash dividend to the two groups of shareholders. No dividends were declared during 2015 or 2016. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of dividends is $51,200 Case B: The preferred shares are cumulative; the total amount of dividends is $61,000 Case C: Same as case B, except the amount is $96,500. Required: 1. Compute the amount of dividends, in total and per share, that would be payable to each class of shareholders for each case. (Round "Per share" to 2 decimal places.) Preferred Shares Common Shares Case A: Total Per share Case B: Total Per share Case C Total Per share