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 company declared the following cash dividends: 2021, $4,000;2022,$11,000; and 2023,$27,000 (a) Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 68 and noncumulative. (Do not leave any answer field blank. Enter 0 for amounts.) Your answer is partially correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative, (Do not leave amy answer field blank, Enter O for amounts.)