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Exercise 14-02 a-c (Part Level Submission) Crane Corporation was organized on January 1, 2019. During its first year, the cor
PLUS Help System Announcements CALCULAT Attempts: 2 of 5 OURCES work (b) Rac (Part Your answer is partially correct. Try agai
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Answer #1

b) Preferred dividend = 2050*50*8% = 8200

2019 2020 2021
Allocation to preferred stock 6075 10325 8200
Allocation to common stock 0 3575 19800
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