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On January 1, 2018 Manama Company has 8% 80,000 shares of $20 par value, Cumulative preferred stock and 200,000 shares of common stock and outstanding
On January 1, 2018 Manama Company has 8% 80,000 shares of $20 par value, Cumulative preferred stock and 200,000 shares of common stock and outstanding at $5 par value The Company declared and paid cash dividends as follows Year Dividends 2018 $100,000 2019 $220,000 2020 $380,000 Required: In the below table, determine the amount of cash dividends distributed to each class of shares over the three years Please: Present each year in a separate line
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