Current Attempt in Progress Pharoah Corporation was organized on January 1, 2019. During its first year, the company issued 2,400 shares of HK$50 par value preference shares and 140,000 shares of HK$10 par value ordinary shares. At December 31 , the company declared the following cash dividends: 2019, HK$5,600;2020,HK$12,400; and 2021,HK$28,200 (HK\$ in thousands). Show the allocation of dividends to each class of shares, assuming the preference share dividend is 6% and non-cumulative. Journalize the declaration of the cash dividend at 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 titles and enter O for the amounts.)