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Tamarisk, Inc. was organized on January 1,2021. During its first year, the corporation issued 2,400...

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Accounting

Tamarisk, Inc. was organized on January 1,2021. During its first year, the corporation issued 2,400 shares of $50 par value preferred stock and 135,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,800;2022,$12,400; and 2023, $28,300.
Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and cumulative. (Do not leave any answer field blank. Enter O for amounts.)
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