kainen company reported the following information at the end of the year: common stock ($1 par value; 570,000 shares outstanding) $ 570,000 preferred stock, 6% ($10 par value; 28,000 shares outstanding) 280,000 retained earnings 935,000 the board of directors is considering the distribution of a cash dividend to the two groups of stockholders. no dividends were declared during the previous two years. assume the three cases below are independent of each other.