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5/46879/assignments/5214538?module item id-16036184 . Question 5 View Policies Current Attempt in Progress Kingbird, Inc. was organized on January 1, 2021. During its first year, the corporation issued 1,500 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,000, 2022, $11,500; and 2023, 827,400. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. (Do not leave any answer field blank. Enter for amounts.) 2021 2022 2023 Total dividend $ 4000 $ 11500 $ 27400 Allocation to preferred stock 8000 6000 Remainder to common stock $ 0 $ 3500 21400 e Textbook and Media 0 RI 10:05 AM 5/29/2020 8 GIH HO K BANM Dause U; X WAS Anterol X G how to calculate the balance px + courses/46879/assignments/52145387module_item_id=16036184 e Textbook and Media List of Accounts Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (Do not leave any answer field blank. Enter for amounts.) 2021 2022 2023 Total dividend $ Allocation to preferred stock Remainder to common stock $ $ e Textbook and Media List of Accounts 0 10:05 AM 522020 R TY P GH IK C B N NM G Dause alt G courses/46879/signments/52145387module item id-16016184 no vieola List of Accounts 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) Debit Credit Date Account Titles and Explanation Dec 31 e Textbook and Media List of Accounts 1005 AM S212020 R K L pause iB NM alt Ctrl USE YOURS

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