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Record the declaration of a cash dividend on its common stock of $ 1 . 3 0 per share and a $ 3 7 6

Record the declaration of a cash dividend on its common stock of $1.30 per share and a $376,000(4% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15.(Hint: Dividends are not paid on treasury stock.)

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