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Teal Mountain Ridge Corporation was organized on January 1 , 2 0 1 8 . During its first year, the corporation issued 5 0 ,

Teal Mountain Ridge Corporation was organized on January 1,2018. During its first year, the corporation issued 50,000 shares of $5 par value preferred stock and 440,000 shares of $1 par value common stock. At December 31, the company declared the following cash dividends:
\table[[2018,$8,300
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