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Last year, the Board of Directors had no cash to declare a dividend; the Preferred Stock is in arrears. This year, the Board declared a

Last year, the Board of Directors had no cash to declare a dividend; the Preferred Stock
is in arrears. This year, the Board declared a cash dividend of $100,000.
Calculate the dollar amount owed to Preferred and Common Stock. (round to two
decimal places.)
Calculate the dividend per share for Preferred and Common Stock. (round to two
decimal places.)
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