Question 1 of 5 > 0.33/1 EE Current Attempt in Progress Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued 2.050 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: 2019. $6,175: 2020, $14,200; and 2021, $27,000. (a) Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 7175 $ 2021 Allocation to preferred stock $ 6175 $ 7175 Allocation to common stock $ 0 $ 7025 $ 19825