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On May 23, 2022, the board of directors of Peterson Manufacturing voted to distribute $4,020,000 to the firm's stockhoiders. If the firm has issued 150,000

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On May 23, 2022, the board of directors of Peterson Manufacturing voted to distribute $4,020,000 to the firm's stockhoiders. If the firm has issued 150,000 shares of 6% preferred stock with a par value of $25 and 2,050,000 shares of commen stock outstanding, catoulate the following. (Round all answers to the nearest cent.)

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