Knudsen Corporation was organized on January 1, 2016. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 108,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2016, $5,300; 2017, $13,700; and 2018, $27,000.

() Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. 2017 2018 2016 Allocation to preferred stock $ $ $ Allocation to common stock $ $ $