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At December 31, 2020 and 2021, Crane Company had outstanding 4200 shares of $100 par value 6% cumulative preferred stock and 19800 shares of $10

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At December 31, 2020 and 2021, Crane Company had outstanding 4200 shares of $100 par value 6% cumulative preferred stock and 19800 shares of $10 par value common stock. At December 31, 2020, dividends in arrears on the preferred stock were $12200. Cash dividends declared in 2021 totaled $45600. What amounts were payable on each class of stock? Preferred Stock Common Stock $45600 $0 $37400 $8200 O $33400 $12200 $25200 $20400

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