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Pharoah Inc. presented the following data:
Net income
$
Preferred shares: shares outstanding, $ par, cumulative, not convertible
$
Common shares: Shares outstanding, Jan.
Issued for cash, May
Acquired treasury shares for cash, Sept. shares cancelled
for stock split, Oct.
As at January there were no dividends in arrears. On December Pharoah declared and paid the preferred dividend for
