Sheridan Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 105,000 shares of $10 par value common stock. At December 31 , the company declared the following cash dividends: 2021, $4,500; 2022, $13,500; and 2023, $27,500. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. Sheridan Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 105,000 shares of $10 par value common stock. At December 31 , the company declared the following cash dividends: 2021, $4,500; 2022, $13,500; and 2023, $27,500. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative