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, 827,400. (a) Your answer is partially correct Show the allocation of dividends to each clans of stock, assuming the preferred stock dividend is 7% and noncumulative (Do not leave any answer held blank. Enter for amounts) 2021 2022 2023 4.000 $ 11.500 27.400 Total dividend 6,000 6.000 4,000 Allocation to preferred stock 0 S S 3.500 $ 21.400 Remainder to common stock