Sheridan Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,050 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, $5,900; 2022, $13,600; and 2023, $27,000.   Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative.       2021   2022   2023 Allocation to preferred stock

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