Sage Hill Ridge Corporation was organized on January 1, 2018. During its first year, the corporation issued 42,000 shares of $5 par value preferred stock and 440,000 shares of $1 par value common stock. At December 31, the company declared the following cash dividends: \begin{tabular}{lr} 2018 & $8,500 \\ 2019 & $33,000 \\ 2020 & $67,000 \end{tabular} (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and not cumulative. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and not cumulative. Attempts: 0 of 1 used Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. Journalize the declaration of the cash dividend at December 31, 2020 using the assumption of 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 tities and enter 0 for the amounts. List all debit entries before credit entries.) Attempts: 0 of 1 used