Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is $6\%$ and noncumulative. $($Do not

leave any answer field blank. Enter $0$ for amounts.$)$

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is $7\%$ and cumulative. $($Do not leave

any answer field blank. Enter $0$ for amounts.$)$

Journalize the declaration of the cash dividend at December $31,2023,$ under part $($b$).($Credit account titles are automatically

indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for

the amounts.$)$