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Daytona Corporation had 800,000 shares of common stock outstanding during the year. Daytona declared and...

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Accounting

Daytona Corporation had 800,000 shares of common stock outstanding during the year. Daytona declared and paid cash dividends of $400,000 on the common stock and $320,000 on the preferred stock. Net income for the year was $1,760,000. What is Daytona

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