Question: CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 11-10 (Part Level Submission) Skysong, Inc. was organized on January 1, 2021. During its first year, the corporation
CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 11-10 (Part Level Submission) Skysong, Inc. was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,400; 2022, $12,600; and 2023, $27,400. Show the allocation of dividends to each dass of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter for amounts.) 2021 2022 2021 Total dividend 5400 Allocation to preferred stock 5400 ty Remainder to common stock SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 0 of 5 used
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