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Sweet Companys outstanding stock consists of 1,500 shares of cumulative 5% preferred stock with a...

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Accounting

Sweet Companys outstanding stock consists of 1,500 shares of cumulative 5% preferred stock with a $100 par value and 11,500 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 $ 3,500
Year 2 $ 7,500
Year 3 $ 39,500

The total amount of dividends paid to preferred and common shareholders over the three-year period is:

Sweet Companys outstanding stock consists of 1,900 shares of cumulative 5% preferred stock with a $100 par value and 11,900 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 $ 3,900
year 2 $ 7,900
year 3 $ 41,500

The amount of dividends paid to preferred and common shareholders in year 3 is:

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