Tower Corp.had the following stock outstanding and Retained Earnings at December 31, 2018 Common Stock (par $8; outstanding, 34,000 shares) $272,00 64,000 284,000 Preferred Stock, 9% (par $10; outstanding, 6,400 shares) Retained Earnings 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, and none have been declared yet in 2018. Three independent cases are assumed: Case The preferred stock is noncumulative; the total amount of 2018 A: dividends would be $13,000 Case The preferred stock is cumulative; the total amount of 2018 B: ces dividends would be $17,280. Dividends were not in arrears prior to 2016. Case Same as Case B, except the total dividends are $70,000. C: Required 1-6. 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 st arrears) and for the current year before common stockholders are paid with cumulative dividends are to be paid dividends for any prior years (in 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 Req 1A e the amount of 2018 dividends, in total that would be payable to each class of stockholders if dividends w described in each case. TIP: Preferred stockholders with cumulative dividends are to be paid arrears) and for the current year before common stockholders are 1-b. Compute per case, the 2018 dividends per share, payable to each class of stockholders dvidends per sharee paid Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Compute the amount of 2018 dividends, in total that would be payable to each dlass 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 Commorn Total Req 1B > Case Same as Case B, except the total dividends are $70,000. C: Required: 1-a. Compute the amount of 2018 dividends, in total that would be payable to each class of escribed 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. 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.) Preferred (per share) C Req 1A Prev 5f 7 Next >