The post$-$closing trial balance of Crane Corporation at December $31,2022,$ contains the following stockholders' equity accounts.

A review of the accounting records reveals the following.

No errors have been made in recording $2022$ transactions or in preparing the closing entry for net income.

Preferred stock is $$50$ par, $6\%,$ and cumulative; $14,300$ shares have been outstanding since January $1,2021.$

Authorized stock is $19,300$ shares of preferred, $488,000$ shares of common with a $$15$ par value.

The January $1$ balance in Retained Earnings was $$1,110,000.$

On July $1,20,500$ shares of common stock were issued for cash at $$16$ per share.

On September $1,$ the company discovered an understatement error of $$85,200$ in computing salaries and wages expense in

The net of tax effect of $$59,640$ was properly debited directly to Retained Earnings.

A cash dividend of $$366,000$ was declared and properly allocated to preferred and common stock on October $1.$ No

dividends were paid to preferred stockholders in $2021.$

On December $31,$ a $10\%$ common stock dividend was declared out of retained earnings on common stock when the market

price per share was $$16.$

Net income for the year was $$555,000.$

On December $31,2022,$ the directors authorized disclosure of a $$191,000$ restriction of retained earnings for plant

expansion. $($Use Note X$.)$

$($a$)$

Reproduce the Retained Earnings account for $2022.($List items in order presented in the problem.$)$

$($b$)$

Prepare a stockholders' equity section at December $31,2022.($Enter account name only and do not provide descriptive information.$)$

$($c$)$

Compute the allocation of the cash dividend to preferred and common stock.

Allocation of the cash dividend to preferred stock $

Allocation of the cash dividend to common stock $