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Can you show work on this? I'm lost A corporation had the following stock outstanding when the company's board of directors declared a $95,000 cash

image text in transcribedCan you show work on this? I'm lost
A corporation had the following stock outstanding when the company's board of directors declared a $95,000 cash dividend dating the current year: Allocate the cash dividend between the preferred and common stockholders assuming the preferred stock is cumulative and nonparticipating and dividends are one year in arrears

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