Skysong Ridge Corporation was organized on January 1, 2018. During its first year, the corporation issued 49,000 shares of $5 par value preferred stock and 410,000 shares of $1 par value common stock. At December 31, the company declared the following cash dividends: 2018 $8,300 2019 $33,000 2020 $71,000 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and not cumulative. 2018 2019 2020 Preferred Common Total