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Sanchez Company has 44,000 shares of 2% preferred stock of $100 par and 101,000 shares of $50 par common stock issued and outstanding. The following

Sanchez Company has 44,000 shares of 2% preferred stock of $100 par and 101,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends:image text in transcribed

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