Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (Do not leave any answer field blank. Enter 0 for amounts.)

Coronado Industries was organized on January 1, 2021. During its first year, the corporation issued 1,600 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,400; 2022, $12,800; and 2023, $27,700. (a) Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. (Do not leave any answer field blank. Enter o for amounts.) 2021 2022 2023 Total dividend 5400 J 12800 T 27700 Allocation to preferred stock 400 T 5600T 5600 TE Remainder to common stock 72001 22100 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (Do not leave any answer field blank. Enter o for amounts.) 2021 2022 2023 Total dividend 5400 12800 27700 # Allocation to preferred stock 5400 7400 6400 Remainder to common stock $