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: 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. (Rou "Per share" to 2 decimal places.) Assume that the company issued a 11 percent common stock dividend on the outstanding common shares when the market value per share was $20. Complete the following comparative schedule for common shares only. (Enter any decreases to account balances with a minus sign.)