Bonita Industries was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 125,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $6,000; 2022, $13,900; and 2023, $27,000.

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 0 for amounts.)

		2021		2022		2023
Total dividend		$		$		$
Allocation to preferred stock
Remainder to common stock		$		$		$

SHOW LIST OF ACCOUNTS

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (Do not leave any answer field blank. Enter 0 for amounts.)

		2021		2022		2023
Total dividend		$		$		$
Allocation to preferred stock
Remainder to common stock		$		$		$

SHOW LIST OF ACCOUNTS

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.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a debit amount

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