Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2018 Common stock (par $1; outstanding, 470,000 shares) Preferred stock, 9% (par $10; outstanding, 20,700 shares) Retained Earnings $470,000 207,000 897,000 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2016 or 2017. Three independent cases are assumed Case A: The preferred stock is noncumulative; the total amount of 2018 dividends Case B: The preferred stock is cumulative the total amount of 2018 dividends Case C: Same as Case B, except the amount is $72,000. would be 27,00. would be $27,000 Dividends were not in arrears prior to 2016 Required 1-a. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case. 1-b. Compute the amount of dividends per share payable to each class of stockholders if dividends were declared as described in each case. Complete this question by entering your answers in the tabs below