Wildhorse Co. was organized on January 1.2024. During its first year, the corporation issued 1,500 shares of $50 par value preferred stock and 145,000 shares of $10 par value common stock. At December 31 , the company declared the following cash dividends: 2024 . $4,000;2025,$11,100; and 2026,$28,000 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative