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Sanchez Company has 37,000 shares of 4% preferred stock of $100par and 119,000 shares of $50 par common stock. The followingamounts were distributed as dividends:Year

Sanchez Company has 37,000 shares of 4% preferred stock of $100par and 119,000 shares of $50 par common stock. The followingamounts were distributed as dividends:Year 1$557,000Year 2$418,00 2 answers

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