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Calculate and record the following transactions: a) Declared the following dividend on July 1 for shareholders on record at July 31 payable on August 1.

Calculate and record the following transactions: a) Declared the following dividend on July 1 for shareholders on record at July 31 payable on August 1. Preferred Share Dividends Common Share Dividiends Total Dividends b) Paid the above dividend 20.200 5,700 25.900

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