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2-14. Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2018. (LG2-1) Balance of retained earnings, December 31,

2-14. Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2018. (LG2-1)

Balance of retained earnings, December 31, 2017$462m

Plus:Net income for 2018 15m

Less: Cash dividends paid

Preferred stock $1m

Common stock ###

Total cash dividends paid ###

Balance of retained earnings, December 31, 2018$470m

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