The shareholders equity of Kramer Industries includes the data shown below. During 2022, cash dividends of $70 million were declared. Furthermore, dividends were declared in 2020 (15 million) and in 2021 (30 Million).

(in millions)

Common stock $400

Paid-in capital-excess of par, common 400

Preferred stock, 5%, non participating 900

Paid-in capital-excess of par, preferred 200

Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristics of preferred stock.

Assumption A & Assumption B

This is what I have calculated but I do not know how to add in 2021 dividends and 2022>>>>>> Help

During 2022	Cash Dividends Declared		70,000,000
	Common Stock		400,000,000
	PIC--Excess of Par, Common		400,000,000
	PS 5% nonparticipating		900,000,000
	PIC--Excess of Par, Preferred		200,000,000
Assumption A -- Noncumulative
		Preferred	Common	Total
				70,000,000
	Current Preference	45,000,000		(45,000,000)
				25,000,000
	Remainder to Common		25,000,000	(25,000,000)
				-
	Allocation	45,000,000	25,000,000
Assumption B-- Cumulative
		Preferred	Common	Total
	Dividends in arrears			70,000,000
	2020	45,000,000		(45,000,000)
	2021	45,000,000		(45,000,000)
	Current Preference	45,000,000		(45,000,000)
				(65,000,000)
	Remainder to Common		(65,000,000)	65,000,000
				-
	Allocation	135,000,000	(65,000,000)