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At December 31, 2020 and 2021, Vaughn Manufacturing had outstanding 4000 shares of $100 par value 6% cumulative preferred stock and 19200 shares of $10
At December 31, 2020 and 2021, Vaughn Manufacturing had outstanding 4000 shares of $100 par value 6% cumulative preferred stock and 19200 shares of $10 par value common stock. At December 31, 2020, dividends in arrears on the preferred stock were $11100. Cash dividends declared in 2021 totaled $45200. What amounts were payable on each class of stock?
| Preferred Stock |
| Common Stock |
$45200 |
| $0 |
$35100 |
| $10100 |
$24000 |
| $21200 |
$34100 |
| $11100 |
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