Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and noncumulative. (Do not leave any answer field blank. Enter O for amounts.) Total dividend 2021 5800 2022 13100 2023 28800 Allocation to preferred stock 5800 11000 8400 Remainder to common stock 0 $ 2100 $ 20400 Attempts: 1 of 1 used (b) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and cumulative. (Do not leave any answer field blank. Enter O for amounts.) 4 Total dividend 2021 5800 $ Allocation to preferred stock 5800 Remainder to common stock $ 0 2022 2023 Waterway Industries was organized on January 1, 2021. During its first year, the corporation issued 2,400 shares of $50 par value preferred stock and 150,000 shares of $10 par value common stock. At December 31, the company declared the following cashi dividends: 2021, $5.800; 2022. $13,100; and 2023, $28,800. Questin Accountine