> Moving to another question will save this response Gution 21 of 1 Question 21 20 points During its first year of operations, James Samuel Corporation und 300,000 shares of $1 per value common Mock and 30,000 shares of December 31, the company declared the following dividends: 2017 - $7,400, 2018 - $9,200 and 2019 - $16,000 are per Instructions: Assuming that James Samuel was organized on January 1, 2017, wwwer the following question. a Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. Your awwers must include credit. nd or to receive Year Preferred Common Total 2017 2018 2019 b. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and not cumulative. Your answers must include a $ and comma to receive credit. b. Show the alocation of dividends to each class of stock, assuring the preferred stock dividend is receive credit. and not cumulation. You must include a nd corrate Preferred Common 2017 2018 2019 C. Journalize the declaration of the cash dividend at December 31, 2018 using the assumption of part (b). Your answer should not include a dollar sign but should include a comma. Account Title Debit Credit