Exercise 14-02 a-c Crane Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900 shares of ss0 par value preferred stock and 102,000 shares of $10 par value common stock. At December 31, the company declared the follo 2019, $5,250; 2020, $14,000; and 2021, $27,500 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common stock LINK TO TEXT Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common stock LINK TO TEXT