Question: Please answer question #8, SHOWING ALL WORK ACCORDINGLY. Thank you! Windsor, Inc. was organized on January 1, 2021. During its first year, the corporation issued

Please answer question #8, SHOWING ALL WORK ACCORDINGLY. Thank you!

Windsor, Inc. was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 120,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021. $6,000; 2022. $13,000; and 2023, $28,000. (a) Show the allocation of dividends to each class of stock, assurning the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter Ofor amounts.) 2021 2022 2023 Total dividend $ Allocation to preferred stock Remainder to common stock $

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