Also need:

1.) The allocation of dividends of each class of stock, assuming preferred dividend stock is 8%.

2.) Journalize the decleration of cash on Decenber 31, 2023.

Whispering Winds Corp. was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,300; 2022, $12,400; and 2023, $29,800. (a) x Your answer is incorrect. Try again. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter o for amounts.) 2021 2022 2023 x Total dividend 5300 12400 29800 Allocation to preferred stock Remainder to common stock SHOW LIST OF ACCOUNTS LINK TO TEXT