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Current Attempt in Progress The stockholders'equity section of Lemay Corporation shows the following on December 31, 2018: Preferred stock-5%, $100 par, 5,000 shares outstanding Common
Current Attempt in Progress The stockholders'equity section of Lemay Corporation shows the following on December 31, 2018: Preferred stock-5%, $100 par, 5,000 shares outstanding Common stock-$10 par, 59,000 shares outstanding Paid-in capital in excess of par Retained earnings Total stockholders' equity $500,000 590,000 200,000 101,300 $1,391,300 Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred and common stockholders should receive if the preferred stock is cumulative and fully participating. Preferred stockholders $ Common stockholders $ eTextbook and Media
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