Question 5 of 6 3.4/4 View Policies Show Attempt History Current Attempt in Progress Coronado Industries was organized on January 1, 2021. During its first year, the corporation issued 1.600 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,400:2022. $12.800; and 2023. $27,700. Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. (Do not leave any answer field blank. Enter for amounts.) 2021 2022 2023 Total dividend $ 5400 $ 12800 $ 27700 Allocation to preferred stock 5400 5600 5600 Remainder to common stock $ 0 7200 22100 e Textbook and Media Your answer is partially correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (Do not leave any answer field blank. Enter for amounts.) 2021 2022 2023 Total dividend $ 5400 $ 12800 $ 27700 Allocation to preferred stock 5400 Remainder to common stock $ 0 $ $ e Textbook and Media List of Accounts