Chapter 18 Homework The shareholders' equity of Kramer Industries includes the data shown below. During 2019, cash dividends of $190 million were declared. Dividends were not declared in 2017 or 2018 points (5 in millions) $ 400 1.600 Common stock Paid-in capital-excess of par, common Preferred stock, 113, nonparticipating Paid-in capital excess of par preferred 260 Port References Required: 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. (Enter your answers in millions ... 10,000,000 should be entered as 10).) Assumption A - The preferred stock is noncumulative Assumption B - The preferred stock is cumulative. (5 in millions Preferred Common Assumption A Assumption B