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Requirements 1. Alloy declares cash dividends of $40,000 for 2016 . How much of the dividends goes to preferred stockholders? How much goes to common

image text in transcribed Requirements 1. Alloy declares cash dividends of $40,000 for 2016 . How much of the dividends goes to preferred stockholders? How much goes to common stockholders? Requirement 1. Alloy declares cash dividends of $40,000 for 2016 . How much of the dividends goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.) Alloy's dividend would be divided between preferred and common stockholders in this manner: Data table Preferred Stock-7\%, \$11 Par Value; 6,500 shares authorized, 5,000 shares issued and outstanding Common Stock-\$0.30 Par Value; 2,300,000 shares authorized, 1,450,000 shares issued and outstanding

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