Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 102,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,475; 2020, $14,200; and 2021, $28,500.

A)

B)

C)

I need help for C) please help me and show me work please.

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock $ CA 6475 $ 7175 $ 7175 Allocation to common stock LA $ i $ 7025 $ 21325 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. 2019 2020 2021 Allocation to preferred stock $ 6,475 $ 11,975 $ 9,225 Allocation to common stock $ Po $ $ 2225 $ CA 19275 Journalize the declaration of the cash dividend at December 31, 2021, 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Cash Dividends Dividends Payable