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 cash dividends: 2021.$5,800: 2022, $13,100; and 2023. $28,800. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is Sand nancumulative. (Do not leave any answer field blank. Enter for amounts) 2021 2022 2023 $ 5 Total dividend Allocation to preferred stock 5 $ Remainder to cormon stock e Textbook and Media O ype here to search hp