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4. Jacklie Syndicate began operations on January 1, 2019. The company has the following items included in the stockholders' equity section of its balance sheet
4. Jacklie Syndicate began operations on January 1, 2019. The company has the following items included in the stockholders' equity section of its balance sheet on January 1, 2019, December 31, 2019, December 31, 2020, and December 31, 2021. $2,500,000 8% Preferred Stock, $100 par, 100,000 shares authorized, 24,000 shares issued and outstanding Common Stock, $3 par, 500,000 shares authorized; 150,000 shares issued and outstanding Additional paid-in capital 450,000 2,250,000 Total dividends declared and paid were during 2019 $170,000 during 2020 $212,000 during 2021 $294,000 A. If Jacklie Syndicate's preferred stock were cumulative, how much of the 2020 dividends would have been distributed to Preferred Stock? B. How much of the 2021 dividends would have been distributed to Common Stock? 4. Jacklie Syndicate began operations on January 1, 2019. The company has the following items included in the stockholders' equity section of its balance sheet on January 1, 2019, December 31, 2019, December 31, 2020, and December 31, 2021. $2,500,000 8% Preferred Stock, $100 par, 100,000 shares authorized, 24,000 shares issued and outstanding Common Stock, $3 par, 500,000 shares authorized; 150,000 shares issued and outstanding Additional paid-in capital 450,000 2,250,000 Total dividends declared and paid were during 2019 $170,000 during 2020 $212,000 during 2021 $294,000 A. If Jacklie Syndicate's preferred stock were cumulative, how much of the 2020 dividends would have been distributed to Preferred Stock? B. How much of the 2021 dividends would have been distributed to Common Stock
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