this is the format that if should look like. please show how you get each number/where it came from. im studying for a test later today.

sto preferred E14.2 (LO 1) Knudsen Corporation was organized on January 1, 2019. During its first year, the corpo- ration issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value com- mon stock. At December 31, the company declared the following cash dividends: 2019, $5,000; 2020, $12,000; and 2021, $28,000. Instructions a. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. b. Show the allocation of dividends to each is of stock, assuming the preferred suc dividend is 7% and cumulative. c. Journalize the declaration of the cash cavidond at December 31, 2021, under part (b), 43 44 E 14-2 Normal Preferred Dividend: Percentage of Par times Number of shares 45 46 (a) nonCumulative 2019 5000 47 Preferred: Common 2020 6000 6000 48 0 49 Total Dividends 5000 12000 50 51 (b) Normal Preferred Dividend: Percentage of Par times Number of shares 52 53 2019 2020 54 5000 9000 Preferred: Common 55 0 3000 12000 56 Total Dividends 5000 57 58 DR 59 c.. 28000 60 Retained Earnings Div pay, pref Div pay, common 7000 61 21000 2