Preferred shares, 4% (par value $25; outstanding, 10,500 shares) Common shares (outstanding, 35,000 shares) Retained earnings $ 262,500 625,000 306,000 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 $52,000 Case B: The preferred shares are cumulative; the total amount of dividends is $65,000 Case C: Same as case B, except the amount is $98,500 Required: 1 Compute the amount of dividends, in total and per share, that would be payable to each class of shareholders for each case. (Round "Per share" to 2 decimal places.) Preferred Shares Common Shares Case A Total Per share Case B Total Per share Case C Total Per share 2. Assume that the company issued a 8 percent common stock dividend on the outstanding common shares when the market value per share was $23. Complete the following comparative schedule for common shares only (Enter any decreases to account balances with a minus sign.) Amount of Dollar Increase (Decrease) Cash Dividend Case C Stock Dividend Item Assets Liabilities Shareholders' equity