CALCULATOR PRINTER VERSION BACK NEXT Question 7 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 104,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,850, 2020, $13,500; and 2021, $29,000 Show the allocation of dividends to cach class of stock, assuming the preferred stock dividend is 7% and noncumulative 2019 2020 2021 Allocation to preferred stock $ $ Allocation to cornman stock $ + SHOW LIST OF ACCOUNTS LINK TO TEXT Show the allocation of dividends to each class of stock, assurning the preferred stock dividend is 9% and cumulative 2019 2020 2021 Allocation preferred stocks $ $ Allocation to common stock $ + SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the declaration of the cash dividen titles and enter for the amounts.) December 31, 2021, under part (b). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account Date Account Titles and Explanation Debit Credit Dec. 31 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT