wildhorse corporation was organized on January 1, 2021. During the first year, the corporation issued 1,950 shares of $50 par value preferred stock and 101,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4500; 2022 $13,500; and 2023, $29,000.

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative.