PA$11-4($Algo$)$ Calculating Common and Preferred Cash Dividends $[$LO $11-2,$ LO $11-3,$ LO $11-4]$ Ritz Company had the following stock outstanding and Retained Earnings at December $31,2021$: On December $31,2021,$ the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during $2019$ or $2020.$ Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount of $2021$ dividends would be $\backslash (\backslash$$ $35,000\backslash ).$ Case B: The preferred stock is cumulative; the total amount of $2021$ dividends would be $\backslash$$$35,000.$ Dividends were not in arrears prior to $2019.$ Case C: Same as Case B$,$ except the amount is $\backslash (\backslash$$ $80,000\backslash )$ Required: $1-$a$.$ Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case. $1-$b$.$ Compute the amount of dividends per share payable to each class of stockholders if dividends were declared as