$($b$).$

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is $9\%$ and cumulative.

$($c$)$

Journalize the declaration of the cash dividend at December $31,2023,$ under part $($b$).($Credit account titles are automatically indented when

amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Dec. $31$