Journalize the declaration of the cash dividend at December 31, 2020 using the assumption of 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.) Account Titles and Explanation Debit Credit Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and cumulative. Preferred Common Total 2018 8000 0 8000 2019 16000 14000 30000 2020 12000 58000 70000 Click if you would like to Show Work for this question: Open Show Work