Question 15 hares of $50 par value preferred stock and 105,000 shares of $10 par value Knudsen Corporation was organized on January 1, 2016. During its first year, the corporation issued 1,900 s common stock. At December 31, the company declared the following cash dividends: 2016, $5,250; 2017, $14,400; and Show thi allocation of dividends to each class of stock, assuming the preferred stock divitend is 79 and noncumulative 2016 2017 2018 Allocation to preferred stock Allocation to common stock Show the allocation of dividends to each class of stock, assuming the preferred stock divid 2016 2017 2018 Allocation to preferred stock Alocation to common stock indent Cotelo eruat es ace outomatkcaly inbentest whes (Credit account titles are automatically iandented when amount in entered. Do not lournalize the declaration of the cash dividend at December 31, 2018, under part (b). ( account titles and eater 0 for the amounts.) Debit Creda Date Account Titles and Explanation Dec, 31