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The shareholders' equity of Red Corporation includes $230,000 of $1 par common stock and $430,000 par of 7% cumulative preferred stock. The board of directors
The shareholders' equity of Red Corporation includes $230,000 of $1 par common stock and $430,000 par of 7% cumulative preferred stock. The board of directors of Red declared cash dividends of $53,000 in 2024 after paying $23,000 cash dividends in 2023 and $43,000 in 2022. What is the amount of dividends common shareholders will receive in 2024?
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