Ch. 18 Homework Question 2 10.00 points The shareholders' equity of WBL Industries includes the items shown below The board of directors of WBL declared cash dividends of S!l million, $21 million, and $160 million in its first three years of operation- 2016, 2017, and 2018, respectively (S in milions) $125 Common stock Paid-in capital excess of par, common 830 Preferred stock, 8% 250 Paid-in capital-excess of par, pefred 550 Required: Determine the amount of dividends to be pad to pretered and common shareholders in each of the three assuming that the preferred stock is cunulative and nonparticipating (Enter your answers irn millions (i.e., 10,000,000 should be entered as 10,) PreferredDividend Preferred Rate Total Cash Paid to Paid to Dividend Paid Preferred Common Arrears at 2016 2017 2018 Dmcutye 1 Easy esc 2 3 4 9