Ritz Company had the following stock outstanding and Retained Eamings at December 31, 2015 Common stock (par $1: outstanding, 460,000 shares) Preferred stock, 7% (par $10; outstanding, 20,600 shares) Retained earnings 460,000 206,000 896,000 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 $26,000 Case B: The preferred stock is cumulative; the total amount of 2015 dividends would be $26,000 Case C: Same as Case B, except the amount is $71,000 Required: Dividends were not in arrears prior to 2013. 1-a. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case Case A Case BCase C Preferred Common Total 1-b. Compute the amount of dividends per share payable to each class of stockholders if dividends were declared as described in each case (Round your answers to 2 decimal places.) ) Type here to search