Vaughm, 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 1/10 th of what the common shareholders will receive. $90400 will be held as restricted retained earnings and paid cut at some future date. preferred shareholders will receive the entire $90400. preferred shareholders will receive $45200 and the common shareholders will receive $45200. Attempts: of 1 used