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Sweet Company's outstanding stock consists of 1,300 shares of cumulative 5% preferred stock with a...

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Accounting

Sweet Company's outstanding stock consists of 1,300 shares of cumulative 5% preferred stock with a $100 par value and 11,300 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
Year1 $ 3,300
Year2 $10,700
Year 3 $38,500
The amount of dividends paid to preferred and common shareholders in year 3 is:

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