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motor works, inc. has declared a $20,000 cash dividend to shareholders. the company has 5,000 shares of $15 par, 10% preferred stock and 10,000 shares

motor works, inc. has declared a $20,000 cash dividend to shareholders. the company has 5,000 shares of $15 par, 10% preferred stock and 10,000 shares of $20 par common stock. the preferred stock is non-cumulative. how much will the preferred and common stockholders receive on the date of payment?

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