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Cork Inc. declared a $2,135,000 cash dividend. It currently has 24,000 shares of 15%, $150 par value cumulative Preferred Stock outstanding. It is one year

Cork Inc. declared a $2,135,000 cash dividend. It currently has 24,000 shares of 15%, $150 par value cumulative Preferred Stock outstanding. It is one year in arrears on its preferred stock. How much cash will Cork distribute to the common stockholders?

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