P11-4 Comparing Stock and Cash Dividends LO11-4, 11-6 Calgate Company had the following shares outstanding and retained earnings at the end of the current year: Preferred shares, 4% (par value $25; outstanding, 10, 100 shares) Common shares (outstanding, 31,000 shares)) Retained earnings $ 252,500 685,000 286,000 The board of directors is considering the distribution of a cash dividend to the two groups of shareholders. No dividends were declared during the previous two years. 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