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Tower Corp. had the following stock outstanding and Retained Earnings at becebe Common stock par 50 outstanding, 36,000 shares) Preferred stock, spar 510) outstanding. 6,600

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Tower Corp. had the following stock outstanding and Retained Earnings at becebe Common stock par 50 outstanding, 36,000 shares) Preferred stock, spar 510) outstanding. 6,600 shares) Retained Morning On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and starred stockholders. No dividends were declared during 2016 or 2017, and none have been declared yet in 2018 Tree independientes are assumed The preferred stock la noncumulatives the total amount of 2013 Fe B. The preferred stock 1 Cumulative; the total amount of 2018 dividende would be $15,840. Dividends were not in arrears prior to 2016. sect fame a Cone B, except the total dividends are $72,000. Required: a. Compute the amount of 2018 dividends, in total that would be payable to each class of stockholders i 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. 1.b. Compute per case, the 2018 dividends per share, payable to each class of stockholders Complete this question by entering your answers in the tabs below. RIA Reg 18 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. Cases Case C Pred 05 05 0 Complete this question by entering your answers in the tabs below. Reg 1A Reg 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)

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