P7-3 Preferred dividends In each case in the following table, how many dollars of pre- ferred dividends per share must be paid to preferred stockholders in the current period before common stock dividends are paid? Case A Type Cumulative Noncumulative Noncumulative Cumulative Cumulative B Par value $ 80 110 100 60 Dividend per share per period $4 2.0% $3 1.5% 3.0% Periods of dividends passed 3 2 1 4 D E 0 70