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Shaler Corporation had the following stock outstanding for years 2011 through 2014: Preferred Stock --...

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Accounting

Shaler Corporation had the following stock outstanding for years 2011 through 2014: Preferred Stock -- $100 par value, 8 percent cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding. Common Stock -- $20 par value, 10,000 shares authorized, 6,000 shares issued and outstanding. Shaler paid $25,000, $35,000, $80,000, and $70,000 in cash dividends during 2011, 2012, 2013, and 2014, respectively. Required: Calculate the total cash dividends received by owners of preferred and common stock in each year.

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