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Sweet Companys outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a...

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Accounting

Sweet Companys outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 11,200 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividend Declared year 1 $ 3,200 year 2 $ 6,400 year 3 $ 38,000 The amount of dividends paid to preferred and common shareholders in year 3 is:

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