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Crane Company was organized on January 1. 2021. During its first year, the corporation issued 1,500 shares of $50 par value preferred stock and 100,000

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Crane Company was organized on January 1. 2021. During its first year, the corporation issued 1,500 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock.At December 31 , the compary declared the following cash dividends: 2021,54,000; 2022, 11,000 , and 2023, 527,000 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any onswer field blank. Enter O for omounts. ) e e Textbook and Media

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