please also journalize the declaration in part b cash dividends

Carta Vista Corporation was organized on January 1, 2021. During its first year, the corporation issued 2.050 shares of $50 par valu preferred stock and 108.000 shares of 510 par value common stock. At December 31, the company declared the following cash dividends: 2021. 56.400: 2022.513.900; and 2023. 528,500 ta Your Answer Correct Answer (Used Show the allocation of dividends to each class of stock assuming the preferred stock dividend is 7% and noncumulative 2021 2022 2023 $ 5400 $ Allocation to preferred stock Allocation to common stock 7.175 7.175 0 $ 6725 21.225 b) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative 2021 2022 Allocation to preferred 2023 stock 5 5 Allocation to common