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Metiock, Inc. was organized on January 1, 2021. During its first year, the corporation issued 2.000 shares of $50 par value preferred stock and 110.000
Metiock, Inc. was organized on January 1, 2021. During its first year, the corporation issued 2.000 shares of $50 par value preferred stock and 110.000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021. 55.400: 2022. $12,300; and 2023, 528,500 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter for amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to comman stock $ $ $ e Textbook and Media List of Accounts Save for later Attempts: unlimited Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above, c) The parts of this question must be completed in order. This part will be available when you complete the part above
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