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Puerta Corporation specifies a 3% dividend on its 5,000 outstanding shares of $50 par value preferred stock. What amount of dividends will be available to

Puerta Corporation specifies a 3% dividend on its 5,000 outstanding shares of $50 par value preferred stock. What amount of dividends will be available to common stockholders at fiscal year-end when Puerta declares a $225,000 total dividend?

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