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Problem 2. (12points) Lucky Company had the following Stockholder's Equity section on their balance sheet at the end of 20X4. The Preferred Stock is cumulative

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Problem 2. (12points) Lucky Company had the following Stockholder's Equity section on their balance sheet at the end of 20X4. The Preferred Stock is cumulative and participating to 8%. No dividends were declared paid for the last two years (20X2 and 20X3). At the end of 20X4, Lucky declares a dividend to be paid to preferred and common stockholders totaling $100,000. Calculate how much of the total dividend will go to Preferred stockholders and how much will go to Common stockholders. Preferred $(Transfer your answer here, please) Common $(Transfer sour answer here, please)

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