Ritz Company had the following shares outstanding and Retained Earnings at December $31,2020$: Common shares $(500,000$ outstanding shares$)$ Preferred shares $(8$ percent; $21,000$ outstanding shares$)$ Retained earnings $$500,000210,000900,000$ On December $31,2020,$ the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during $2018$ or $2019.$ Three independent cases are assumed: Case A: The preferred shares are non$-$cumulative; the total amount of $2020$ dividends would be $$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.$ Required: $1-$a$.$ Compute the amount of dividends, in total, payable to each class of shareholders for each case. Case A Case B Case C Preferred Common Total $0001-$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 CommonRequired:

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

the differences.