Griseta Corporation was organized on January 1, 2011. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2011, $6,000; 2012, $12,000; and 2013, $28,000. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and not cumulative. 2011 2012 2013 Allocation to preferred stock $ $ $ Allocation to common stock $ $ $ (b) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. 2011 2012 2013 Allocation to preferred stock $ $ $ Allocation to common stock $ $ $ (c) Journalize the declaration of the cash dividend at December 31, 2013, under part (b). (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit