PB$11-4($Algo$)$ Comparing Stock and Cash Dividends $[$LO $11-2,$ LO $11-3,$ LO $11-4]$

Carlos 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 $$23,000.$

Case B: The preferred stock is cumulative; the total amount of $2021$ dividends would be $$15,000.$ Dividends were not in arrears prior to $2019.$

Case C: Same as Case B$,$ except the amount is $$58,000.$

Required:

$1-$a$.$ Compute the amount of $2021$ dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case.

$1-$b$.$ Compute the amount of $2021$ dividends per share payable to each class of stockholders for each case.

Complete this question by entering your answers in the tabs below.

Req $1$ A

Req $1B$

Compute the amount of $2021$ dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case.

$\backslash$table$[[,$Case A$,,$se B$,$Case C$],[$Preferred$,,$$$,15,000,],[$Common$,,,0,],[$Total$,$$$,$$$,15,000,$$