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 dividend5: 2021, $4,500;2022,$13,500; and 2023,$27,500 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative