Crane Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value: preferred stock and 108,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,000: 2022, $14,100; and 2023, $28,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. Allocation to preferred stock Allocation to common stock 2021 2022 5000 $ 0 $ $ $ 2023