Brief Exercise 18-11 (Algo) Effect of preferred stock on dividends [LO18-7] The shareholders' equity of MLS Enterprises includes $150 million of no par common stock and $300 million of 6% cumulative preferred stock. The board of directors of MLS declared cash dividends of $41 million in 2024 after paying $14 million cash dividends in both 2023 and 2022. What is the amount of dividends common shareholders will receive in 2024 ? Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10)