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Tower Corporation had the following stock outstanding and Retained Earnings at December 31, 2021: On December 31, 2021, the board of directors is considering the

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Tower Corporation had the following stock outstanding and Retained Earnings at December 31, 2021: On December 31, 2021, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2019 or 2020, and none have been declared yet in 2021. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total anount of 2021 dividends would be $13,300. Case B: The preferred stock is cumelative: the total amount of 2021 dividends would be $18,090. Dividends were not in arrears prior to 2019 . Case C: Safe as Case B, except the totat dividends are $73,600. Required: 1-3. Compute the amount of 2021 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. 1-b. Compute per case, the 2021 dividends per share, payable to each class of stockholders. Complete this question by entering your answers in the tabs below. Compute the amoupt of 2021 divi . s, in total that would be payable to each class of stockholders if dividends were declared as described in each casc. 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. Complete this question by entering your answers in the tabs below. Compute the amount of 2021 dividends, in totar 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. Required: 1-a. Compute the amount of 2021 dividends, in total that would be payable to each class of stockholders if dividends were decl described in each case. TIP: Preferred stockholders with cumulative dividends are to be paid dividends for any prior years arrears) and for the current year before common stockholders are paid. 1-b. Compute per case, the 2021 dividends per share, payable to each class of stockholders. Complete this question by entering your answers in the tabs below. Compute per case, the 2021 dividends per share, payable to each class of stockholders. (Round your answers to 2 decimal places.)

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