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At the start of 2013, Shasta Corporation has 15,000 outstanding shares of preferred stock, each with a $60 par value and a cumulative 7% annual dividend. The company also has 28,000 shares of common stock outstanding with par value of $37.50 per share.

2013   $0

2014   $ 49,500

2015   $178,500

Calculate the dividends paid to each category of stockholders, in total and per share.

Financial Accounting, Accounting

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