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Exercise 14-02 a-c (Part Level Submission) Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of

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Exercise 14-02 a-c (Part Level Submission) Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 104,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,175; 2020, $14,200; and 2021, $27,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 790 and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common stock

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