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Northshore has 1 5 0 0 0 0 0 shares of $ 1 par value common stock and 7 5 0 0 0 shares of

Northshore has 1500000 shares of $1 par value common stock and 75000 shares of $10 par value,4% cumulative preferred stock outstanding. Dividends on the preferred stock are one year in arreas. Assuming that Northstone wishes to distribute $270000 as dividends, the common stockholders will receive

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