cant figure out part B

Crane Company was organized on January 1, 2024. During its first year, the corporation issued 1,500 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: 2024,$4,000;2025,$11,000; and 2026, $27,000 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative