Return to Blackboard Weygandt, Accounting Principles, 13e Help I System Announcements CALCULATOR PRINTER VERSDON BACK NEXT Questlon 04 Farley Inc. declares a $55,000 cash dividend on December 31, 2020. The required annual dividend on preferred stock is $10,000. Determine the allocation of the dividend to preferred and common stockholders assuming the preferred stock is cumulative and dividends are 1 year in arrears Allocated to Common Stock Allocated to Preferred Stock Click if you would like to Show Work for this question Open Show Work LINK TO TEY Question Attempts: 0 of 3 used SAVE ROR LATER SUBMIT ANSWER udy