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, $14,400; and 2023, $28,500. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. Allocation to preferred stock Allocation to common stock $ EA 2021 5600 EA 2022 6000 8400 EA $ SA 2023 6000 22500 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. Allocation to preferred stock $ Allocation to common $ EA stock 2021 $ $ 2022 $ SA $ 2023