Knudsen Corporation was organized on January 1, 2016. During its first year, the corporation issued2,000shares of $50par value preferred stock and100,000shares of $10par value common stock. At December 31, the company declared the following cash dividends: 2016, $5,000; 2017, $12,000; and 2018, $28,000.

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is7% and cumulative. I can not get 2017 preferred stock