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3 217) A company has $200,000 of 10% noncumulative, nonparticipating, preferred stock outstanding. and $150,000 of common stock outstanding, In the company's first year of

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3 217) A company has $200,000 of 10% noncumulative, nonparticipating, preferred stock outstanding. and $150,000 of common stock outstanding, In the company's first year of operation, no were paid, but during the second year, it paid cash dividends of $25,000. Compute be distributed to (1) preferred shares and (2) common shares. the dividends to

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