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Vaughn, Inc. has 3800 shares of 5%, $50 par value, cumulative preferred stock and 76000 shares of $1 par value common stock outstanding at December
Vaughn, Inc. has 3800 shares of 5%, $50 par value, cumulative preferred stock and 76000 shares of $1 par value common stock outstanding at December 31, 2017, and December 31, 2018. The board of directors declared and paid a $3000 dividend in 2017. In 2018, $18800 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2018? Preferred $9500 $16000 $9400 $2800 Common $9300 $2800 $9400 $16000
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