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2 A company's outstanding stock consists of the following: 2 8 , 0 0 0 shares of cumulative 1 0 % preferred stock with a

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2
A company's outstanding stock consists of the following:
28,000 shares of cumulative 10% preferred stock with a $10 par value.
158,000 shares of common stock with a $2 par value.
During its first three years of operation, the company declared and paid the following total cash dividends. Determine the amount of
00:47:11
dividends paid each year to each of the two classes of stockholders: preferred and common.
\table[[Year 1 total cash dividends,$18,800
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