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Sweet Company's outstanding stock consists of 1 , 1 0 0 shares of cumulative 5 % preferred stock with a $ 1 0 0 par

Sweet Company's outstanding stock consists of 1,100 shares of cumulative 5% preferred stock with a $100 par value and 10,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.
\table[[,Dividends],[,Declared & Paid],[Year 1,$3,000
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