Oriole Corporation was organized on January 1 , 2021. During its first year, the corporation issued 1,950 shares of $50 par value preferred stock and 105,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021,$5,000;2022, $13,900; and 2023, \$27,000. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative