Knudsen Corporation was organized on January 1, 2021. 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: 2021, $5,000; 2022, $12,000; and 2023, $28,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter o for amounts.) 2021 2022 2023 Total dividend $ $ $ Allocation to preferred stock Remainder to common stock $ SHOW LIST OF ACCOUNTS LINK TO TEXT Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. (Do not leave any answer field blank. Enter O for amounts.) 2021 2022 2023 Total dividend $ Allocation to preferred stock Remainder to common stock $ Journalize the declaration of the cash dividend at December 31, 2023, under part (b). (Credit acco is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31