Wildhorse Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,950 shares of $50 par value preferred stock and 104,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $4,350; 2020, $13,900; and 2021, $28,000. (a) Your answer is partially correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. 2019 Allocation to preferred $ Allocation to common stock $ 4350 S 2020 2021 I S $