gnment CALCULATOR PRINTER VERSION 4 BACK NEXT Practice Exercise 2 Cullumber Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 105,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,250; 2020, $14,400; and 2021, $29,000. 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 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 $ $ $ SHOW LIST OF ACCOUNTS 20