Egyptian Enterprises has both common and preferred stock. There are 120,000 shares of $1 par common stock outstanding and 6,000 shares of $8 par, 7% cumulative preferred stock outstanding. The company did not pay any dividends in 2020. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2021 $6,000 2022 $6,000 2023 $6,000 Preferred Common Year 2021 6000 2022 2023