Exercise 15-22 Your answer is partially correct. Try again. Vaughn Company's ledger shows the following balances on December 31, 2017 4% Preferred Stock-$10 par value, outstanding 20,700 shares Common Stock-$100 par value, outstanding 27,700 shares Retained Earnings 207,000 2,770,000 569,000 Assuming that the directors decide to declare total dividends in the amount of $336,000, determine how much each class of stock should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stock. The preferred stock s cumulative and fully participating Round the rate of participation to 4 deci al places, 1 42789 Round answers to 0 decina paces, e.9- g. $38,487) a sz Preferred Common 191349 (b) The preferred stock is noncumulative and nonparticipating. (Round answers to o decimal places, e.g. $38,487.) Preferred Common 2772 0 c) The preferred stockis non cumulative and is participating in distributions in excess o a 6% di dend rate on he common stock answers to 0 decimal places, e.g. $38,487.) Round the rate o partic aton to 4 dec n a paces e 14278 . Round Preferred Common