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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:

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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, 48 (par value $30; outstanding, 11,400 shares) Common shares (outstanding, 44,000 shares) Retained earnings $ 342,000 670,000 180,000 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 $53,800. Case B: The preferred shares are cumulative; the total amount of dividends is $74,000. Case C: Same as case B, except the amount is $103,000. 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.) Answer is complete and correct. Preferred Shares Common Shares Case A: Total $ 13,680$ 1.20 $ 40,120 0.91 Per share $ Case B $ 32,960 Total Per share 41,040$ 3.60 $ $ 0.75 Case C Total $ $ 41,040$ 3.60 $ 61,960 1.41 Per share 2. Assume that the company issued a 10 percent common stock dividend on the outstanding common shares when the market value per share was $23. Complete the following comparative schedule for common shares only. (Enter any decreases to account balances with a minus sign.) Answer is not complete. Amount of Dollar Increase (Decrease) Cash Dividend-Case C Stock Dividend Item 0 Assets Liabilities Shareholders' equity $ 0 0$ $ OOO 0 Please help me solve the blank cells in Question 2, thanks

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