Exercise 14-2 (Part Level Submission) Knudsen Corporation was organized on January 1, 2016. During its first year, the common stock. At December 31, the company declared the following cash dividends: 2016, $4,625; 2017, $13,500; and 2018, $28,500, issued 2,050 shares of $50 par value preferred stock and 102,000 shares of $10 par value (a) Show the allocation of dividends to each dass of stock, assuming the preferred stock dividend is 5% and noncumulative. 201 2017 2018 Allocation to common stock Click if you would like to Show Work for this