Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 102,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $4,625; 2020, $13,500; and 2021, $28,500. Part 1 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and noncumulative. 2019 Allocation to preferred stock $ Allocation to common stock $ eTextbook and Media List of Accounts Save for Later 2020 $ $ 2021 $ $ Attempts: 0 of 3 used Submit Answer Part 2 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. 2019 Allocation to preferred stock $ Allocation to common stock $ eTextbook and Media List of Accounts 2020 2021 $ $ Attemots: 0 of 3 used Submit Answe