The outstanding capital stock of Vaughn Corporation consists of

$1$

$,$

$9$

$0$

$0$

$$shares of $

$1$

$0$

$0$

$$par value,

$7$

$\%$

$$preferred$,$ and

$4$

$,$

$5$

$0$

$0$

$$shares of $

$5$

$0$

$$par value common.

Assuming that the company has retained earnings of $

$8$

$7$

$,$

$0$

$0$

$0$

$,$

$$all of which is to be paid out in dividends, and that preferred dividends were not paid during the

$2$

$$years preceding the current year, state how much each class of stock should receive under each of the following conditions.