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Nash Trading Post, LC's December 31, 2020 balance sheet showed the following: 6% preferred stock, $10 parvalue, cumulative, Nash declared and paid a $80000 cash

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Nash Trading Post, LC's December 31, 2020 balance sheet showed the following: 6% preferred stock, $10 parvalue, cumulative, Nash declared and paid a $80000 cash dividend on December 15,2020 . If the company's dividends in arrears prior to that date were $20000, Nash's common stockholders received no dividend. $51000

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