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Sabas Company has 2 0 , 0 0 0 shares of $ 1 0 0 par, 2 % cumulative preferred stock and 1 0 0

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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
\table[[Year 1,$10,000
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