Skysong, Inc. was organized on January $1,2024.$ During its first year, the corporation issued $2,100$ shares of $$50$ par value preferred stock and $100,000$ shares of $$10$ par value common stock. At December $31,$ the company declared the following cash dividends: $2024,$ $$5,400$;$2025,$$$12,600$; and $2026,$$$27,400.$

$($a$)$

Your answer is correct.

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is $6\%$ and noncumulative.

dividend

Attempts: $1$ of $3$ used

$($b$)$

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is $7\%$ and cumulative.

$\backslash$table$[[,2024,,2025,,2026],[$Total dividend,$$,$$$,,$$$,],[$Allocation to preferred stock,Exi,$5,,2,],[$Remainder to common stock,$$,$$$,,$$$,]]$