Waterway Industries was organized on January 1, 2021. During its first year, the corporation issued 2400 shares of $50 par value preferred stock and 150.000 shares of $10 par value common stock. At December 31, the company dedared the following cash dividends: 2021. 55,800, 2022, 513,100; and 2023, $28.800. (a) Your answer is correct Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and noncumulative. (Do not leave any answer field blank. Enter for amounts.) 2021 2022 2023 Total dividend 5800 $ 13100 $ Allocation to preferred stock 5800 600 200 Reminder to common stock s 0 7100 5 22100 (b) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and cumulative. (Do not leave any answer field blank. Enter Ofor amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock $ e Textbook and Media