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Marigold Corp. was organized on January 1,2024, During its first year, the corporation issued 1,900 sharns of 550 par value preferred stock and 125,000 shares

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Marigold Corp. was organized on January 1,2024, During its first year, the corporation issued 1,900 sharns of 550 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 noncumulitive

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