TB MC Qu$.02-20$ Statement of Retained Earnings Use the following information to $...$

Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during $2022.$

Balance of Retained Earnings, December $31,2021$

$-$$$25\mathrm{.}0$ million

Plus: Net Income for $2022$

$70\mathrm{.}0$ million

Less: Cash Dividends Paid

Preferred Stock $ $6\mathrm{.}0$ million

Common Stock $?$ million

Total Cash Dividends Paid

Multiple Choice

$$29\mathrm{.}0$ million

$$35\mathrm{.}0$ million

$$101\mathrm{.}0$ million

$$80\mathrm{.}0$ million