Novak Corp. was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,000; 2022, $13,500; and 2023, $29,000. Your answer is partially correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and noncumulative. (Do not leave any answer field blank. Enter O for amounts.) 2023 2021 2022 2$ 2$ Total dividend 4,000 13500 29000 Allocation to preferred stock 400 8250 6300 $ 22700 Remainder to common stock 4900 eTextbook and Media List of Accounts