Show the allocation of dividends to eachiclass of stock, assuming the preferred stock dividend is 8K and eumulative Oriole Corporation was organized on January 1, 2021. During its first wear, the corporation issued 1,950 shares of $50 par value preferred stock and 105,000 stures of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021,35,000,2022,513,900; and 2023,527,000. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7x and noncumulative Journalize the declaration of the cash dividend at December 31, 2023, under part (b). (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts