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Henry Corporation began operations in 20X5. Henry declared dividends of $8,000 for the year 20x5 to be paid before year's end. Henry has outstanding 5,000

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Henry Corporation began operations in 20X5. Henry declared dividends of $8,000 for the year 20x5 to be paid before year's end. Henry has outstanding 5,000 shares of $1 par value common stock and 2,000 shares of 5% $100 par value cumulative preferred stock. In 20X6, Henry declared and paid additional dividends of $13,000. No additional stock was issued. How much money was distributed to the common stock shareholders in 20X6? $1,500 $3,000 $4,000 O $1,000 O $2,000

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