Question 30 Vaughn, Inc. has 11300 shares of 8%, $100 par value, cumulative preferred stock and 113000 shares of $1 par value common stock outstanding at December 31, 2018. If the board of directors declares a $90400 dividend, the preferred shareholders will receive the entire $90400. $90400 will be held as restricted retained earnings and paid out at some future date. preferred shareholders will receive $45200 and the common shareholders will receive $45200. preferred shareholders will receive 1/10th of what the common shareholders will receive