NTER VERSION BACK NEXT Exercise 14-02a-c (Part Level Submission) Sheridan Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 107,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,000; 2020, $13,500; and 2021, $27,000. Your answer is correct. Show the allocation of dividends to each dass of stock, assuming the preferred stock dividend is 6% and noncumulative Allocation to preferred stock 5000 Allocation to common stock 7200 20700 Click if you would like to show Work for this question Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION Attemptsi 1 of 3 used (b) Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. 2010 How MacBook Pro Q Search or type URL URCES ents (b) Your answer is correct. (Part Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. Allocation to preferred stock 1 5000 ission) Allocation to common stock son) (Video) Click if you would like to show Work for this questions Open Show Work Study SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT Attemptsi 1 of 3 used Journalize the declaration of the cash dividend at December 31, 2021, under part (b). (Credit account titles are automatically indented when amount is entered. Do norindent mai no entry is required, select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Date Dec. 31 Click if you would like to Show Work for this questions Open Show Work 09w] | 2013 2011 O A' O OX] MacBook Pro a Search or type URL O