Current Attempt in Progress Sheridan Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 101,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, \$5,900; 2022, \$13,600; and 2023, \$27,000. (a) Your answer is partially correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative