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King Co has stock outstanding consisting of 100,000 shares of cumulative 5% preferred stock with...

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Accounting

King Co has stock outstanding consisting of 100,000 shares of cumulative 5% preferred stock with a $50.00 par value and 150,000 shares of common stock.
King Co declared and paid dividends as follows: 2024: $200,000; Year 2025: $250,000; Year 2026 $325,000; Year 2027: $350,000
(1) Determine the amount of dividends paid each year to each of the two classes of stock: preferred and common. ALSO (2)compute the per share dividend paid each year to each of the two classes of stock.
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