Sunland Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 106,000 shares of $10 par valve common stock. At December 31, the company declared the following cash dividends: 2019, $6,500; 2020, $14,400, and 2021, $29,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2020 2021 Allocation to preferred stock Allocation to common stock Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common stock matically indented when amount is entered. Do not indent manually. If Journalire the declaration of the cash dividend at December 11, 2021, under part (b). (Credit account titles are no entry is required, select "No Entry for the account titles and enter for the amounts Date Account Titles and Explanation Debit Credit