Ivanhoe Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,050 shares of 550 par value preferred stock and 103,000 shares of $10 par value common stock. At December 31 , the company declared the following cash dividends: 2021,$5,900;2022,$13,600; and 2023,$28,000 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and nancumulative Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. Journalize the declaration of the cash dividend at December 31, 2023, under part (b). (Credit toccount fibes are outannticaily indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the tocount tites and enter of or to amounts.)