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Sweet Companys outstanding stock consists of 1,200 shares of noncumulative 4% preferred stock with a $100 par value and 11,2

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Answer #1

Preferred dividend = 1200*100*4% = 4800

Total Dividend Preferred dividend Common dividend
Year 1 3200 3200 0
Year 2 8400 4800 3600
Year 3 38000 4800 33200
Total 12800 36800

So answer is d) $12800 preferred ; $36800 Common

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