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1. Sandpiper Company has 10,000 shares of cumulative preferred1% stock, $100 par and 50,000 shares of $15 par common stock. Thefollowing amounts were distributed as

1. Sandpiper Company has 10,000 shares of cumulative preferred1% stock, $100 par and 50,000 shares of $15 par common stock. Thefollowing amounts were distributed as dividends:Year 1$15,000Year 2 2 answers

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