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Outstanding stock of theVaughn Manufacturingincluded43000shares of $5par common stock and18000shares of5%, $10par non-cumulative preferred stock. In 2019,Vaughndeclared and paid dividends of $12900. In 2020,Vaughndeclared and
Outstanding stock of theVaughn Manufacturingincluded43000shares of $5par common stock and18000shares of5%, $10par non-cumulative preferred stock. In 2019,Vaughndeclared and paid dividends of $12900. In 2020,Vaughndeclared and paid dividends of $38700. How much of the 2020 dividend was distributed to preferred shareholders?
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