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A Corporation has $1,940,000 to distribute in dividends and did not distribute dividends the previous year. There are 200,000 shares od cumulative preferred stock that

A Corporation has $1,940,000 to distribute in dividends and did not distribute dividends the previous year. There are 200,000 shares od cumulative preferred stock that earn dividends at $0.76 per share and 700,000 shares of common stock. How much money goes to common stockholders ?

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