Comparative financial statements for Springville Company for the last two years appear below.The market price of each share of Springville's common stock was $25 on December 31,Year 2.During Year 2,dividends of $2,000,000 were paid to preferred shareholders and $10,000,000 to common shareholders.

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The Answer of Comparative financial statements for Springville Company for the last two years appear below.The market price of each share of Springville's common stock was $25 on December 31,Year 2.During Year 2,dividends of $2,000,000 were paid to preferred shareholders and $10,000,000 to common shareholders.

Comparative Financial Statements for Springville Company for the Last Two