PRINTER VERSION BACK NEXT Question 1 Knudsen Corporation was organized on January 1, 2016. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 109,000 shares of $10 per value common stock. At December 31, the company declared the following cash dividends: 2016, 54,800, 2017, 513,700, and 2018, 528,500 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6 and noncumulative. 2016 2017 2018 Allocation to preferred stock $ Allocation to common stock $ LINK TO TEXT VIDEO: SIMILAR EXERCIN Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative 2016 2017 2018 Allocation to preferred stock $ $ Allocation to common stock $ $ $ LINK TO TEXT VIDEO SIRILAR EXERCISE