Windsor, Inc. was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 120,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $6,000; 2022, $13,000; and 2023, $28,000. - Your answer is partially correct. 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 O for amounts.) 2021 2022 2023 Total dividend 6,000 $ 6300 6300 Allocation to preferred stock 6700 21700 Remainder to common stock $ 6000 400 210700 X Your answer is incorrect. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. (Do not leave any answer field blank. Enter O for amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock $ eTextbook and Media List of Accounts X Your answer is incorrect. Journalize the declaration of the cash dividend at December 31, 2023, under part (b). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 eTextbook and Media List of Accounts