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! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Year 1 total
! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 13,200 22,000 240,000 390,000 Exercise 11-12 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 60,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 280,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Determine the amount
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