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, 11,700 shares) Common shares (outstanding, 47,000 shares) $ 292,500 685,000 150,000 Retained earnings 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 $54,400. Case B: The preferred shares are cumulative; the total amount of dividends is $77,000. Case C: Same as case B, except the amount is $104,500. 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.) Case A Total Per share Case B: Total Per share Case C: Total Per share Preferred Shares Common Shares < Prev 2 of 2 Next