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Capital stock of Barr Company includes: Common stock, $5 par, 610,000 shares outstanding Preferredstock,15%cumulative,$70par,10,000sharesoutstanding $3,050,000700,000 As of December 31, 2024, 2 years' dividends are in
Capital stock of Barr Company includes: Common stock, $5 par, 610,000 shares outstanding Preferredstock,15%cumulative,$70par,10,000sharesoutstanding $3,050,000700,000 As of December 31, 2024, 2 years' dividends are in arrears on the preferred stock. During 2025 , Barr plans to pay dividends that total $425,000. Required: 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2025. 2. If Barr paid $326,000 of dividends, determine how much each group of stockholders would receive
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