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Whispering Winds Corp. was organized on January 1 , 2 0 2 1 . During its first year, the corporation issued 2 , 0 0

Whispering Winds Corp. was organized on January 1,2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021,$5,300;2022,$12,400; and 2023,$29,800.
Whispering Winds Corp. was organized on January 1,2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021,$5,300;2022,$12,400; and 2023,$29,800.
(a)
Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter 0 for amounts.)
\table[[,,2021,,2022,,2023],[Total dividend,$,,$,,$,],[Allocation to preferred stock,,,,,,],[Remainder to common stock,$,,$,,$,]]

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