show alpcation of dividens to each class of stock, assuming the preffered stock dividend is 6% and cumulative.

Swifty Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,300 shares of $50 par value preferred stock and 140,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,400; 2022, $11,000; and 2023, $27,400. 2021: 2022 2023: Total Divdend Allocation to preferred stock Allocation to common stock