(Answered) Jan 16 declared a cash dividend on the 6 97 par

Accounting

Jan. 16: Declared a cash dividend on the 6%, $97 par noncumulative preferred stock (1,150 shares outstanding). Declared a $0.40 per share dividend on the 85,000 shares of $8 par value common stock outstanding.

The date of record is January 31, and the payment date is February 15.

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