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Waterway Inc. presented the following data. Net income$2,355,540 Preferred stock: 53,000 shares outstanding, $100 par, 8%cumulative, not convertible 5,300,000 Common stock: Sharesoutstanding 1/1 69 2

Waterway Inc. presented the following data. Net income$2,355,540 Preferred stock: 53,000 shares outstanding, $100 par, 8%cumulative, not convertible 5,300,000 Common stock: Sharesoutstanding 1/1 69 2 answers

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