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Corgi, Inc. has the following stock issued as of December 2015: 6% Preferred Stock, $100 par, 10,000 shares issued and outstanding Common Stock, $5 par,
Corgi, Inc. has the following stock issued as of December 2015:
6% Preferred Stock, $100 par, 10,000 shares issued and outstanding
Common Stock, $5 par, 50,000 shares issued and outstanding
The preferred stock dividend iscumulative.Dividends were paid in 2013, but were not paid during 2014.On December 15, 2015, Corgi declares dividends of $210,000.How much of this dividend will be distributed to Common Stock?
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