Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common stock (par $1; outstanding, 430,000 shares) Preferred stock, 7% (par $10; outstanding, 20, 300 shares) Retained Earnings $ 430,000 203,000 893,000 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 would be $23,000. Case B: The preferred stock is cumulative; the total amount of 2018 dividends would be $23,000. Dividends were not in arrears prior to 2016. Case C: Same as Case B, except the amount is $68,000. 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. Req 1A Req 1B Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case. Case C $ 42,630 Preferred Common Total Case A $ 14,210 8,790 $ 23,000 Case B $ 23,000 0 $ 23,000 $ 42,630 Req 1A Reg 1B 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.) Case C Case A $ 0.07 Preferred Common Case B $ 0.11 $ 0.00