Ritz Company had the following shares outstanding and retained earnings at December $31,$ year $3$:

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 $$25,000.$

Case B: The preferred shares are cumulative; the total amount of dividends is $$36,000.$

Case C: Same as Case B$,$ except the amount is $$77,500.$

Required:

Compute the amount of dividends, in total and per share, payable to each class of shareholders for each case.

Refer to Case $C$ and assume that the company issued a $10$ percent common stock dividend on the outstanding common shares when

the market value per share was $$47.$ Complete the following comparative schedule for common shares only, including an explanation of

the differences.