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UN LUVUI SUbmission) Oriole Corporation was organized on January 1, 2019. During its first year, the corporation issued 1.900 shares of $50 par value preferred
UN LUVUI SUbmission) Oriole Corporation was organized on January 1, 2019. During its first year, the corporation issued 1.900 shares of $50 par value preferred stock and 101,000 shares of 10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,550; 2020, $14,500; and 2021, $29,000. (a) Your answer is partially correct. Try again. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2021 Allocation to preferred stock T 5500 13050 Allocation to common stock T 19500 Click if you would like to Show Work for this question: Open Show Work
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