The outstanding capital stock of Metlock Corporation consists of 2,100 shares of $100 par value, 7% preferred, and 4,600 shares

The outstanding capital stock of Metlock Corporation consists of 2,100 shares of $100 par value, 7% preferred, and 4,600 shares of $50 par value common. Assuming that the company has retained earnings of $82,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.


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