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York's outstanding stock consists of 9 0 , 0 0 0 shares of cumulative 7 . 0 % preferred stock with a $ 5 par

York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
\table[[Year 1 total cash dividends,$19,800
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