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WX Ltd has 75000 shares of $0.40 cumulative preferred shares that had been issues for $375000 and 200000 common shares issued for a total of

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WX Ltd has 75000 shares of $0.40 cumulative preferred shares that had been issues for $375000 and 200000 common shares issued for a total of $720000, WX did not declare any dividends during the prior year and now declares and pays $108000 cash dividend. calculate the amount distributed to each class of shareholders

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