Blue Spruce Corp. was organized on January 1, 2021. During its first year, the corporation issued 1,700 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, $4,300; 2022, $13,000; and 2023, $29,500. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. (Do not leave any answer field blank. Enter O for amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock $ ta e Textbook and Media Assistance Used List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer Question Part Score The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score --19 (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score --/4 Current Attempt in Progress Sheffield Corp. has the following capital stock outstanding at December 31, 2020: 9% Preferred stock, $100 par value, cumulative 12,000 shares issued and outstanding $1,200,000 Common stock, no par, $10 stated value, 570,000 shares authorized, 470,000 shares issued and outstanding 4,700,000 The preferred stock was issued at $125 per share. The common stock was issued at an average per share price of $15. Prepare the paid-in capital section of the balance sheet at December 31, 2020. SHEFFIELD CORP. Balance Sheet (Partial) December 31, 2020 e Textbook and Media Ass