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The shareholders' equity of Star-nation Company includes $200,000 of $1 par common stock and $400,000...

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Accounting

The shareholders' equity of Star-nation Company includes $200,000 of $1 par common stock and $400,000 par value of 6% cumulative preferred stock. The board of directors of Star-nation declared cash dividends of $50,000 in 2014 after paying $20,000 cash dividends in each of 2013 and 2012. What is the amount of dividends preferred and common shareholders will receive in 2012, 2013 and 2014?

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