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QUESTION 2 Bodkin, Inc. has 7.000 shares of 5%, 590 par value, noncumulative preferred stock and 50.000 shares of $1 par value common stock outstanding

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QUESTION 2 Bodkin, Inc. has 7.000 shares of 5%, 590 par value, noncumulative preferred stock and 50.000 shares of $1 par value common stock outstanding at December 31. 2019, and December 31, 2020. The board of directors declared and paid a $25,000 dividend in 2019. In 2020, 570,000 of dividends are declared and paid, Calculate the dividends received by the common stock shareholders in 2020 QUESTION 3 The net income of the Travis and Tucker partnership is $110,000. The partnership agreement species that profits and losses will be shared equally after salary allowances of $140,000 (Travis) and 5130,000 (Tucker) have been allocated. At the beginning of the year. Travis's Capital account had a balance of $200.000 and Tucker's Capital account had a balance of 5370,000 Calculate the balance of Tucker's Capital account at the end of the yeat after profits and losses have been divided

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