Kingbird, Inc. was organized on January 1, 2021. During its first year, the corporation issued 1,500 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. $11,500; and 2023, $27.400 Your answer is partially correct. 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 amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock