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Vaughn Manufacturing want organized on January 1. 202 1. During its first year, the corporation issued 2400 shares of $30 gue value preferred stock and

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Vaughn Manufacturing want organized on January 1. 202 1. During its first year, the corporation issued 2400 shares of $30 gue value preferred stock and 125 000 shores of $ 10 gav valle common stock. At December 31. the company declared the following cash dividends 2021. 35 900 2022. $12000 and 2023, $27 500 (a) Show the allocat ed stock dividend is 5% and nencumulative (Do not

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