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Crane, Inc. has $$500,000,$ $$0\mathrm{.}90,$ no par value preferred shares $(50,000$ shares$)$ and $$1,000,000$ of no par value common shares

utstanding $(80,000$ shares$).$ No dividends were paid or declared during $2021$ and $2022.$ The company wants to distribute $$537,750$

lividends on December $31,2023.$

a$)$

Calculate the amount of dividends to be paid to each group of shareholders $($i$.$e$.,$ preferred and common$),$ assuming the preferred

shares are non$-$cumulative and non$-$participating

Preferred

Common

Total dividends

$

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