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Vaughn Corporation has the following shareholders equity on July 31, 2020 $1930000 Shareholders' equity Share capital $10 preferred shares. cumulative 10.000 shares authorized 400 shares

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Vaughn Corporation has the following shareholders equity on July 31, 2020 $1930000 Shareholders' equity Share capital $10 preferred shares. cumulative 10.000 shares authorized 400 shares issued Common shares 600,000 shares authorized 9200 shares issued Total share capital Retained earings Total shareholders equity 296000 2226000 493000 52719000 Assume that on June 15, 2021. Van paid the preferred dividend for the current were idendidad The July 31.2021 financial statements will show an ending balance in retained earnings of $539000 $493000 O $477600 $428600

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