Pharoah Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 104,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021. $5,600; 2022. $14.400; and 2023, $28,500. (a) Your answer has been saved. See score details after the due date. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. 2021 2022 2023 Allocation to preferred stock $ 5600 $ 6000 $ 6000 Allocation to common stock $ 0 $ 8400 $ 22500 2021 2022 2023 Allocation to preferred stock $ 5600 $ 10400 $ 8000 Allocation to common stock $ 0 $ 4000 $ 20500 e Textbook and Media List of Accounts Attempts: 1 of 1 used (c) Journalize the declaration of the cash dividend at December 31, 2023, under 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 for the amounts.) Date Account Titles and Explanation Debit Credit Dar 21 Journalize the declaration of the cash dividend at December 31, 2023, under 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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31