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Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued2,050shares of $50par value preferred stock and102,000shares of $10par value common

Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued2,050shares of $50par value preferred stock and102,000shares of $10par value common stock. At December 31, the company declared the following cash dividends: 2019, $4,625; 2020, $13,500; and 2021, $28,500.

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is5% and noncumulative.

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