Chicago Company reported the following information at the end of the current year: Common stock...
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Chicago Company reported the following information at the end of the current year: Common stock ($9 par value; 46,000 shares outstanding) Preferred stock, 15% ( $12 par value, 9,300 shares outstanding) Retained earnings $414,000 111,600 287,500 The board of directors is considering the distribution of a cash dividend to the two groups of stockholders. No dCheck My wok declared during the previous two years. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount of dividends is $37,500. Case B: The preferred stock is cumulative; the total amount of dividends is $50,220. Case C: The preferred stock is cumulative; the total amount of all dividends is $91,300 Required 1. Compute the amount of dividends, in total and per share, that would be payable to each class of stockholders for each case. Round "Dividends per Share" to 2 decimal places.) Dividends Preferred Common Dividends per Share Preferred Common Total Case A Case B Case C
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