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Dallas Sports Ltd has 100 shares of 15, noncumulative, preferred shares outstanding, and $160,000 of common shares outstanding. In the $24,000 company / s first

Dallas Sports Ltd has 100 shares of 15, noncumulative, preferred shares outstanding, and \$160,000 of common shares outstanding. In the \$24,000 company / s first year of operation, no dividends were paid but during the second year Dallas Sports paid dividends of . The dividend should be distributed as follows

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