Tower Corp. had the following stock outstanding and Retained Earnings at December 31, 2018: Common Stock (par $8; outstanding, 38,000 shares) Preferred Stock, 7% (par $10; outstanding, 6,800 shares) Retained Earnings $304,000 68,000 288,000 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred Estockholders. No dividends were declared during 2016 or 2017, and none have been declared yet in 2018. Three independent cases are assumed: E case the preferred stock is noncumulative; the total amount of 2018 EA: dividends would be $13,400. Case The preferred stock is cumulative; the total amount of 2018 EB: dividends would be $14,280. Dividends were not in arrears prior to 2016. E Case Same as Case B, except the total dividends are $74,000. Required: 1-a. Compute the amount of 2018 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. E 1-b. Compute per case, the 2018 dividends per share, payable to each class of stockholders. Req 1A Req 1B Compute the amount of 2018 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 $ 0 $ 0 $ Req 1A Req 1B Compute per case, the 2018 dividends per share, payable to each class of stockholders. (Round your answers to 2 decimal places.) Case A Case B Case C Preferred (per share) Common (per share)