Atlantis Corporation has 12,000 shares of 13%, $81 par non-cumulative preferred stock outstanding, and 27,000 shares of
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Atlantis Corporation has 12,000 shares of 13%, $81 par non-cumulative preferred stock outstanding, and 27,000 shares of no-par common stock outstanding. At the end of the current year, the corporation declares a dividend of $197,000. How is the dividend allocated between preferred and common stockholders?
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