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Seacrest Company has 2 0 , 0 0 0 shares of cumulative preferred 1 % stock, $ 1 5 0 par and 5 0 ,

Seacrest Company has 20,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
Year Amount
20Y1 $75,000
20Y212,000
20Y390,000

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