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PA11-4 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

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PA11-4 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, 2018 Common atock (par $1: outstanding, 500,000 shares) preferred stock, (par $10; outstanding, 21,000 shares) Retained Earninga S500,000 210,000 900,000 Bock eceOn December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2016 or 2017. Three independent cases are assumed Caso A: The Case B: preforred stock is noncumulative: the total amount of 2018 dividends would bo $30,000 dividends would be $30,000. Dividends were not in arrears prior to 2016. : The preferred stock is cumulative the total amount of 2018 Case C: Same as Case B, except the amount is $75,000. Required: 1-e. 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 dividernds were declared as described in each case. Complete this question by entering your answers in the tabs below dividends would be $30, 000. Dividends were not in arrears prior to 2016. Case C: Same as Case B, except the amount is $75,000 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 described in each case Complete this questlon by entering your answers in the tabs below erences RJAReq 1B Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case. Preferred Common Total Req 18

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