Tower Corp. had the following stock outstanding and Retained Eamings at December 31, 2015 Common Stock (par $8, outstanding, 22,000 shares) Preferred Stock, 896 (par $10, outstanding, 5,200 shares) Retained Earnings 176,000 52,000 272,000 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, and none have been declared yet in 2015. Three independent cases are assumed Case A The preferred stock is noncumulative; the total amount of 2015 dividends would be $11,800 Case B: The preferred stock is cumulative; the total amount of 2015 dividends would be $12,480. Dividends Case C. Same as Case B, except the total dividends are $58,000 Required were not in arrears prior to 2013 1-a. Compute the amount of 2015 dividends, in total that would be payable to each class of stockholders if dividends were declared as described in each case TIP: Preferred stockholders with cumulative dividends are to be paid dividends for any prior years (in arrears) and for the current year before common stockholders are paid Case A Case B Case C Preferred Common Total