CALCULATOR PRINTER VERSION BACK Exercise 11-10 Crane Company was organized on January 1, 2021. During its first year, the corporation issued 1,500 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, $4,000; 2022, $11,000, and 2023, $27,000 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and no cumulative. (Do not leave any answer field blank. Enter o for amounts) 2021 2022 2023 Total dividend $ Allocation to preferred stock Remainder to common stock 5 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. (Do not leave any answer field blank. Enter o for amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock Joumalize the declaration of the cash dividend at December 31, 2023, under part (b). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Dec. 31 Click if you would like to Show Work for this question: Open Show Work