Ritz Company had the following shares outstanding and Retained Earnings at December 31, 2020: 4 Common shares (500,000 outstanding shares) Preferred shares (8 percent; 21,000 outstanding shares) Retained earnings $500,000 210,000 900,000 6.4/8 points awarded On December 31, 2020, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2018 or 2019. Three independent cases are assumed: Scored Case A: The preferred shares are non-cumulative; the total amount of 2020 dividends would be $30,000. Case B: The preferred shares are cumulative; the total amount of 2020 dividends would be $30,000. Dividends were not in arrears prior to 2018. Case C: Same as Case B, except the amount is $75,000. eBook Required: 1-a. Compute the amount of dividends, in total, payable to each class of shareholders for each case. Print . References Case A Case B Case C Preferred 16,800 50,400 X 50.400 Common 13,200 0 24,600 Total 30.000 50.400 75.000 *Red text indicates no response was expected in a cell or a formula-based points deducted. ulation is incorrect; no 1-b. Compute the amount of dividend per share, payable to each class of shareholders for each case. (Round your answers to 2 decimal places.) Case A Case B Case C Preferred 0.80 0.03 2.40 X 0.00 2.40 0.05 Common