Question 1 of 2 < > -/5 Blossom Corporation was organized on January 1, 2021. During its first year, the corporation issued 1,950 shares of $50 par value preferred stock and 107,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,100; 2022, $14,100; and 2023, $27,500. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. e (b) Allocation to preferred stock $ Allocation to common stock $ eTextbook and Media List of Accounts Save for Later 2021 $ 2022 2023 $ Attempts: 0 of 5 used Submit Answer