Cornerstone Exercise 10-33 (Algorithmic) Preferred and Common Share Dividends Barstow Corporation has a single class of common shares and a single class of cumulative preferred shares. The cumulative preferred shares require the corporation to pay an annual dividend of $3,750 to preferred shareholders. On January 1, 2022, Barstow's preferred dividends were one year in arrears, which means that Barstow declared neither preferred nor common dividends in 2021. During the three years (2022-2024), Barstow's board of directors determined they would be able to pay $5,000, $7,000, and $11,500, respectively. Required: Show how these anticipated payments will be split between preferred and common shareholders. For those boxes in which no entry is required, leave the box blank. Amount Available for Dividends Dividends to Preferred Dividends to Common Remaining in Arrears Year 2021 $ 2022 $ $ $ s 2023 2024 $1