Question 6 (of 15) itz Company had the following stock outstanding and Retained Earnings at December 31, 2015: Common stock (par $1; outstanding, 530,000 shares) Preferred stock, 8% (par $10, outstanding, 21,300 shares) Retained earnings $ 530,000 213,000 903,000 On December 31, 2015, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2013 or 2014. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount of 2015 dividends would be $33,000. Case B: The preferred stock is cumulative; the total amount of 2015 dividends would be $33,000. Case C: Same as Case B, except the amount is $78,000 Required: Dividends were not in arrears prior to 2013. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case 1-a. Case A Case B Case C Preferred Common Total