Concord Corporation was organized on January 1, 2021. During its first year, the corporation issued 1,700 shares of $50 par value preferred stock and 120,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,500; 2022, $12,700; and 2023, $28,700. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter O for amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock e Textbook and Media Assistance Used List of Accounts Assistance Used Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. (Do not leave any answer field blank. Enter o for amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock $ $ $ e Textbook and Media List of Accounts