Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is $8\%$ and cumulative.Crane 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: $2021,$ $$5,300$; $2022,$ $$13,500$; and $2023,$ $$28,500$