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 $31,2021$

$-$$ $24\mathrm{.}0$ million

Plus: Net Income for $2022$

$61\mathrm{.}0$ million

Less: Cash Dividends Paid

Preferred Stock $$5\mathrm{.}1$ million

Common Stock

$?$ million

Total Cash Dividends Paid

Balance of Retained Earnings, December $31,2022$

Multiple Choice

$$21\mathrm{.}8$ million

$$90\mathrm{.}1$ million