Parker Corp has 1,000 $5,noncumulative,preferred shares outstanding,and $250,000 worth of common shares outstanding.During Parker's first year of operation,no dividends were paid,but during the second year,the company paid dividends of $45,000.How should the dividends be distributed?

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The Answer of Parker Corp has 1,000 $5,noncumulative,preferred shares outstanding,and $250,000 worth of common shares outstanding.During Parker's first year of operation,no dividends were paid,but during the second year,the company paid dividends of $45,000.How should the dividends be distributed?

Parker Corp Has 1,000 $5,noncumulative,preferred Shares Outstanding,and $250,000 Worth of Common