Carla Vista Corporation was organized on January $1,2021.$ During its first year, the corporation issued $2,050$ shares of $$50$ par value

preferred stock and $108,000$ shares of $$10$ par value common stock. At December $31,$ the company declared the following cash

dividends: $2021,$$$6,400$;$2022,$$$13,900$; and $2023,$$$28,500.$

$($a$)$

$($b$)$

Y Your answer is partially correct.

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is $9\%$ and cumulative.

Attempts: $1$ of $5$ used