Please show the formula used to solve B too please?

Oriole Company was organized on January 1, 2021. During its first year, the corporation issued 2,300 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, $5,600; 2022, $11,700; and 2023, $30,000. (a) Your Answer Correct Answer Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and noncumulative. (Do not leave any answer field blank. Enter O for amounts.) 2021 2022 2023 Total dividend $ 5600 $ 11700 $ 30000 Allocation to preferred stock 5600 5750 5750 Remainder to common stock $ 0 $ 5950 $ 24250 e Textbook and Media (b) - Your answer is partially correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and cumulative. (Do not leave any answer field blank. Enter O for amounts.) 2021 2022 2023 Total dividend $ 5600 $ 11700 $ 30000 Allocation to preferred stock 5600 7900 6900 Remainder to common stock $ 0 $ 3800 $ 23100 e Textbook and Media List of Accounts Save for Later Attempts: 2 of 3 used Submit