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Star Corporation has the following stock outstanding: 6% Preferred Stock, $100 par value, 2.000 shares $200.000 Common Stock $100 par value. 6.000 shares $600,000 The

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Star Corporation has the following stock outstanding: 6% Preferred Stock, $100 par value, 2.000 shares $200.000 Common Stock $100 par value. 6.000 shares $600,000 The preferred stock is cumulative and non-participating. There are three years of preferred dividends in arrears. For the current year, the corporation has declared a cash dividend of $100,000 for both classes of stock. How should the $100.000 be allocated to the two classes of stock? Create a table in the answer space (similar to the example below) Preferred Stock Common Stock

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