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on January 1 weston company issues 5000 shares of 10%, 100 par value cumulative preferred stock for $600,000. No preferred dividends were declared or paid
on January 1 weston company issues 5000 shares of 10%, 100 par value cumulative preferred stock for $600,000. No preferred dividends were declared or paid in 2020 or 2021. On december 30, 2022 the board declared $320,000 in dividends. How much of the dividend is allocated to preferred and common shareholders?
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