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Flowers Inc. has both common and preferred stock. There are 6 0 , 0 0 0 shares of $ 2 par common stock outstanding and

Flowers Inc. has both common and preferred stock. There are 60,000 shares of $2 par common stock
outstanding and 1,000 shares of $23 par, 7% noncumulative preferred stock outstanding. The company did
not pay any dividends in 2023. Distribute dividends to each class of stockholders using the following
information:
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