CALCULATOR PRINTER VERSION BACK NEXT Exercise 14-02-c Pharoah Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,000 shares of $50 per value preferred stock and 108,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,700; 2020, 514,400; and 2021, $27,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock $ $ Allocation to common stock $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. 2019 2020 2021 Allocation to preferred stock $ Allocation to common stock 5 LINK TO TEXT OW LIST OF ACCOUNTS LINK TO TEXT Journalize the declaration of the cash dividend at December 31, 2021, under part (b). (Credit account tits are automatically indated when amount is entered. Do not indent manually. Ir no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debe Credit Dec. 31 Click If you would like to show Work for this questioni Open Work