Sheridan Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 101,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,900; 2022, $13,600; and 2023, $27,000. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. Allocation to preferred stock Allocation to common stock List of Accounts eTextbook and Media Save for Later (b) Allocation to preferred stock Allocation to common stock $ $ List of Accounts Save for Later $ eTextbook and Media $ 2021 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. 2021 $ $ Date Account Titles and Explanation Dec. 31 $ 2022 $ 2022 $ $ Debit Attempts: unlimited Submit Answer 2023 $ $ 2023 (c). Journalize the declaration of the cash dividend at December 31, 2023, under 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 titles and enter O for the amounts.) Attempts: unlimited Submit Answer Credit SUPPORT