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Please Answer Dividends on Preferred and Common Stock period ended December 31 of each year, the outstanding stock of the company was composed of 20,000

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Dividends on Preferred and Common Stock period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $5 par. Required

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