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In each of the following independent cases, it is assumed that the corporation has $830,000 of 6% preferred stock and $3,320,000 of common stock outstanding,

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In each of the following independent cases, it is assumed that the corporation has $830,000 of 6% preferred stock and $3,320,000 of common stock outstanding, each having a par value of $10. No dividends have been declared for 2024 and 2025 . (a) As of 12/31/26, it is desired to distribute $250,000 in dividends. How much will the preferred stockholders receive if their stock is cumulative and nonparticipating? Preferred stockholders receive

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