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13. Fusion Corporation has 15,000, 8% preference stock of $100 par value, and 3.5M common stock of $2 par, outstanding on Dec. 31, 2018. On

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13. Fusion Corporation has 15,000, 8% preference stock of $100 par value, and 3.5M common stock of $2 par, outstanding on Dec. 31, 2018. On this same date the company declared a $450,000 cash dividend. The company has not paid any dividends since 1/01/2016. Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios. A. The preferred stock is noncumulative. 3 pts. B. The preferred stock is cumulative. Work Space: A 4 pts. B

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