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1 Short Answer Questions: XTX Company, since it was organized in January 0 1 9 , has had outstanding 2 , 0 0 0 shares

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Short Answer Questions:
XTX Company, since it was organized in January 019, has had outstanding 2,000 shares of $7, cumulative preferred shares (issued @ $95 each) and 15,000 shares of common shares (issued for $15 each). It has declared and paid dividends each year as shown below. Calculate the total dividends distributed to each class of shareholder. (6 marks)
\table[[Year,\table[[Total Amount of],[Dividends Paid]],\table[[Total Amount Paid to],[Preferred Shareholders]],\table[[Total Amount Paid to],[Common shareholders]]],[2019,$12,000,,],[2020,$20,000,,],[2021,$25,000,,]]
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