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During 2022, its first year of operations, Natty Greene's Corporation issued 500,000 shares of $2 par value common stock and 40,000 shares of $4 par

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During 2022, its first year of operations, Natty Greene's Corporation issued 500,000 shares of $2 par value common stock and 40,000 shares of $4 par value preferre stock. No other additional shares have been issued since. The Corporation declared the following dividends during each respective year: 2022:$8,0002023:$12,0002024:$18,000 Instructions: Answer the following questions related to dividend allocation. A. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. Your answers must include a $ and comma recelve credit. b. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and not cumulative. Your answers must include a $ and comma to recelve credit

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