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Capital stock of Barr Company includes: Common stock, $5 par, 630,000 shares outstanding $3,150,000 Preferred stock, 15% cumulative, $60 par, 12,000 shares outstanding 720,000 As
Capital stock of Barr Company includes: Common stock, $5 par, 630,000 shares outstanding $3,150,000 Preferred stock, 15% cumulative, $60 par, 12,000 shares outstanding 720,000 As of December 31,2024,2 years' dividends are in arrears on the preferred stock. During 2025 , Barr plans to pay dividends that total $434,000. Required: 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2025. 2. If Barr paid $334,000 of dividends, determine how much each group of stockholders would receive. Total dividend to preferred stockholders $ Total dividend to common stockholders $
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