Red Hot Company issued and has outstanding 108,000 shares of $10 par-value common stock and 5,800 shares of $50 par-value 6 percent preferred stock. The board of directors votes to distribute $10,800 as dividends in 20x1, $20,800 in 20x2, and $100,800 in 20X3 Required: Compute the total dividend and the dividend for each share paid to preferred stockholders and common stockholders each year under the following assumed situations: Case A: The preferred stock is nonparticipating and noncumulative. Case B: The preferred stock is cumulative and nonparticipating Analyze: If a stockholder owned 430 shares of cumulative preferred stock in 20X1, 20X2, and 20x3, what total dividends should be paid to this stockholder in the fiscal year 20X3, assuming Case B? Complete this question by entering your answer in the tabs below. Case A Case B Analyze Compute the total dividend and the dividend for each share paid to preferred stockholders and common stockholders each year under the above assumed situation. (Round your per share answers to 2 decimal places) Total Preferred Stock Common Stock Dividends Total Per Share Total Per Share 20X1 20X2 20X3 Year Complete this question by entering your answer in the tabs below. Case A Case B Analyze Compute the total dividend and the dividend for each share paid to preferred stockholders a year under the above assumed situation. (Round your per share answers to 2 decimal place Year Total Dividends Preferred Stock Total Per Share Common Stock Total Per Share 20X1 20X2 20X3