Carla Vista Corporation was organized on January 1, 2021. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 105,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $6,000; 2022, $14,300; and 2023, $28,000. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. Allocation to preferred stock Allocation to common stock eTextbook and Media List of Accounts Save for Later $ $ 2021 $ $ LA 2022 $ $ 2023 Assistance Used Attempts: 0 of 5 used Submit Answer

Carla Vista Corporation was organized on January 1, 2021. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 105,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021,$6,000;2022,$14,300; and 2023,$28,000. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. Journalize the declaration of the cash dividend at December 31,2023 , under part (b). (Credit occount titles are automatically Indented when amount is entered. Do not indent monulily. If no entry is required, select "No Entry" for the occount titles and enter O for the crnounts. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative