Nash's Trading Post, LLC was organized on January 1, 2021. During its first year, the corporation issued 1,500 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,500; 2022, $11,600; and 2023, $28,700. Your answer is correct. Show the of nds to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. (Do not leave any answer field blank. Enter O for amounts.) 2021 2022 2023 Total dividend 4500 11600 28700 Allocation to preferred stock 4500 5250 5250 Remainder to common stock $ 0 6350 23450 e Textbook and Media Your answer is partially correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (Do not leave any answer field blank. Enter O for amounts.) 2021 2022 2023 Total dividend $ 4500 11600 $ 28700 Allocation to preferred stock 4500 6000 5250 Remainder to common stock 0 5600 23450 e Textbook and Media List of Accounts