help on part b

Bonita Industries was organized on Jamuary 1,2021. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 125,000 shares of $10 par value common stock. At December 31 , the company declared the following cash dividends: 2021,$6,000;2022,$13,900; and 2023,$27,000. (a) Your thower is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. (Do not leave ony answer field blank. Enter O for amounts, (b) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (Do not leave any answer field blank. Enter O for a mounts.)