Question: At December 3 1 , 2 0 2 4 , Vaughn Corporation had the following stock outstanding. 1 0 % cumulative preferred stock, $ 1

At December 31,2024, Vaughn Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 109,101 shares $10,910,100
Common stock, $5 par, 4,021,360 shares
20,106,800
During 2025, Vaughn did not issue any additional common stock. The following also occurred during 2025.
\table[[Income from continuing operations before taxes,$23,507,100
At December 3 1 , 2 0 2 4 , Vaughn Corporation

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