S Weygandt, Accounting Principles, 13 Heltem Announcements CALATOR PRINTER WON RACH RE Exercise 14-02- Sheridan Corporation was organized on January 1, 2019 During its first year, the corporation issued 2,100 shares of $SO par value preferred stock and 107,000 shares of $10 par vale con stock. At December 31, the company declared the following cash dividends: 2019, 55,000; 2020, $13,500; and 2021, 527,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative, 2019 2020 2021 Allocation to preferred stock s $ Allocation to common stock $ SHOW LINT OF ACCOUNTS LINK TO TERE Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. 2019 2020 2021 Allocation to preferred stock $ Allocation to common stock SHOW LIST OF ACCOUNTS LINK TO TOT Soumalize the declaration of the cash dividend at December 31, 2021, under part (1). (Credit account titles are automatically indented when amount is entered. Do norindent manual no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Tities and Explanation Debit Credit Dec 31 MacBook Air