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Question 1 of 5 View Policies Show Attempt History < Current Attempt in Progress 0.61/1 E Carla Vista Corporation was organized on January 1,

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Question 1 of 5 View Policies Show Attempt History < Current Attempt in Progress 0.61/1 E Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued 2.050 shares of $50 par value preferred stock and 104,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019. $6.175; 2020, $14,200; and 2021, $27,000. (a) bur answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 Allocation to preferred stock $ 2020 6175 $ 7175 $ 2021 7175

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