Exercise 14-02 a-c (Part Level Submission) Pharoah Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 103,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,500; 2020, $13,700; and 2021, $28,500. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative 2019 2020 2021 Allocation to preferred stock Allocation to common stock SHOW LIST Of ACCOUNTS