5 1.5 points eBook Print References The shareholders' equity of Wang Industries includes the data shown below. During 2025, cash dividends of $220 million were declared. Dividends were not declared in 2023 or 2024. Common stock Paid-in capital-excess of par, common Preferred stock, 10%, nonparticipating Paid-in capital-excess of par, preferred Required: ($ in millions) $ 260 1,040 130 390 Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristics of the preferred stock. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). - Assumption A The preferred stock is noncumulative. Assumption B - The preferred stock is cumulative. Assumption A Assumption B ($ in millions) Preferred Common