Blossom Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $6,000; 2022, $14,500; and 2023, $27,000. (a) Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. 2021 2022 2023 Allocation to preferred stock $ $ 6,000 $ 6,150 $ 6,150 Allocation to common stock $ 8,350 $ 20,850 e Textbook and Media List of Accounts (b) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. 2021 2022 2023 Allocation to preferred stock $ GA $ GA $ Allocation to common stock $ GA GA e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit