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Vaughn Manufacturing has outstanding 85000 shares of 5% preferred stock with a $10 par value and 150000 shares of $3 par value common stock Dividends

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Vaughn Manufacturing has outstanding 85000 shares of 5% preferred stock with a $10 par value and 150000 shares of $3 par value common stock Dividends have been paid every yex except last year and the current year. If the preferred stock is cumulative and nonparticipating and $251300 is distributed, the common stockholders will receive O $0 $208800 O $251300 O $166300

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