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At the start of its first year, a corporation issued 6,000 shares of 8%, $50 par value, cumulative preferred stock and 50,000 shares of $1

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At the start of its first year, a corporation issued 6,000 shares of 8%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock. The corporation declared and paid dividends of $18,000 in the first year. In its second year, the corporation declared and paid dividends of $72,000. What are the dividends received by the common stockholders in the second year? $42,000 O $36,000 $30,000 $24,000. $28,000

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