Exercise 11-10 (Part Level Submission) Novak Corp. was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,000; 2022, $13,500; and 2023, $29,000. (a) v (b) Your answer is partially correct. Try again. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and cumulative. (Do not leave any answer field blank. Enter o for amounts.) 2021 2022 2023 Total dividend 4000 13500 29000 Allocation to preferred stock 6300 23000 Remainder to common stock SHOW LIST OF ACCOUNTS LINK TO TEXT