Marigold Corp. was organized on January 1, 2024. 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: 2024, $4,100; 2025, $12,700; and 2026, $29,400. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and noncumulative. Total dividend Allocation to preferred stock $ Remainder to common stock $ 2024 4100 $ $ 2025 12700 $ $ 2026 29400

Marigold Corp was organized on January 1,2024. 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 comparyy declared the following cash dividends: 2024 , $4,100,2025,512,700, and 2026,529,400 (a) Shew the allocation of dividends to each class of stock assuming the preforred stock dividend is 5% and noncumulative