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. 1. No errors have been made in recording 2022 transactions or in preparing the closing entry for net income. 2. Preferred stock is $50 par, 6%, and cumulative; 14,500 shares have been outstanding since January 1, 2021. 3. Authorized stock is 19,500 shares of preferred, 510,000 shares of common with a $15 par value. 4. The January 1 balance in Retained Earnings was $1,170,000. 5. On July 1, 18,700 shares of common stock were issued for cash at $16 per share. 6. On September 1, the company discovered an understatement error of $93,000 in computing salaries and wages expense in 2021. The net of tax effect of $65,100 was properly debited directly to Retained Earnings. 7. Acash dividend of $382,500 was declared and properly allocated to preferred and common stock on October 1. No dividends were paid to preferred stockholders in 2021. 8. 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. 9. Net income for the yearwas $576,000. 10. On December 31, 2022, the directors authorized disclosure of a $194,000 restriction of retained earnings for plant expansion. (Use Note X) Prepare a stockholders' equity section at December 31, 2022. (Enter account name only and do not provide descriptive information.) CRANE CORPORATION Partial Balance Sheet December 31,2022 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 \$