Question 15 Crane Corporation was organized on January 1, 2017. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 106,000 shares of $10 par va December 31, the company declared the following cash dividends: 2019, $5,975; 2020, 614,400; and 2021, $27.500. Show the allocation of dividends to each class of stock, assuming the preferred 2019 2020 Allocation to preferred stock Allocation to common stock Show the allocation of dividends to each class of stock, assuming the preferr Allocation to preferred stocks Allocation to common stock Journalize the declaration of the cash dividend at December 31, 2021, under part (b). (Credit ac entry is required, select "No Entry for the accountities and enter for the amounts.) not indent manually. If no Date Account Titles and Explanation Dec. 31