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Oceanic Company has 3 0 , 0 0 0 shares of cumulative preferred 3 % stock, $ 5 0 par and 5 0 , 0

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Oceanic Company has 30,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:
\table[[20Y1,$90,000
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