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Marigold Corp. was organized on January 1, 2021. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 125.000

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Marigold Corp. was organized on January 1, 2021. During its first year, the corporation issued 1,900 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, $4,100; 2022. $12,700; and 2023, $29,400. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and noncumulative. (Do not leave any answer field blank Enter o for amounts.) 2021 2022 2023 $ Total dividend Allocation to preferred stock $ $ $ Remainder to common stock

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