cts art Exercise 149 a-c Timber Ridge Corporation was organized on January 1, 2018. During its first year, the corporation issued 40,000 shares of $5 par value preferred stock and 400,000 shares of $1 par value common stock. At December 31, the company declared the following cash dividends: 2018 $8,000 2019 $30,000 2020 $70,000 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend not cumulative. rd Preferred Commor Total 2018 2019 2020 LIST OP ACCOUNTS LINK TO TEXT Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and cumulative Preferred Common Total 2018 2019 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the declaration of the cash dividend at December 31, 2020 using the assumption of 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 titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Onen Show Work