Pharoah Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 104,000 shares of \$10 par value common stock. At December 31, the company declared the following cash dividends: 2021,$5,600;2022,$14,40 and 2023,$28,500. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative