value: 12.50 points Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2015 Common stock (par $1; outstanding, 430,000 shares) Preferred stock,7% (par $10; outstanding, 20,300 shares) Retained earnings 430,000 203,000 893,000 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, Three independent cases are assumed: Case A The preferred stock is noncumulative, the total amount of 2015 dividends would be $23,000 Case B: The preferred stock is cumulative; the total amount of 2015 dividends would be $23,000 Case C. Same as Case B, except the amount is $68,000 Required: Dividends were not in arrears prior to 2013 1-a. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case Case A Case B Case C Preferred Common Total