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Windborn Company has 20,000 shares of cumulative preferred 1% stock, $100parand 50,000 shares of $25 parcommon stock. The following amounts were distributed as dividends: Year

Windborn Company has 20,000 shares of cumulative preferred 1% stock, $100parand 50,000 shares of $25 parcommon stock. The following amounts were distributed as dividends:

Year 1 $40,000
Year 2 10,000
Year 3 60,000

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