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The board of directors is considering the distribution of a cash dividend to the two groups of stockholders. No dividends were declared during the previous

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The board of directors is considering the distribution of a cash dividend to the two groups of stockholders. No dividends were declared during the previous two years. Assume the three cases below are independent of each other. Case A: The preferred stock is noncumulative; the total amount of all dividends is $31,000. Case B: The preferred stock is cumulative; the total amount of all dividends is $36,000. Case C: The preferred stock is cumulative; the total amount of all dividends is $90,000. Required: 1. Compute the amount of dividends, in total and per share, that would be payable to each class of stockholders for each case. 2. Assume Chicago Company issued a 30 percent common stock dividend on the outstanding shares when the market value per share was $24. Fill in the table below to show how the stock dividend and Case C would affect Total Assets, Liabilities, and Stockholders' equity. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assume Chicago Company issued a 30 percent common stock dividend on the outstanding shares when the market value per share was $24. Fill in the table below to show how the stock dividend and Case C would affect Total Assets, Liabilities, and Stockholders' equity. Note: Leave no cells blank - be certain to enter "0" wherever required

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