E $18-18$ Effect of cumulative, nonparticipating preferred stock on dividends$-3$ years

The shareholders" equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $$8$ million, $$20$ million, and $$150$ million in its first three years of operation$-2024,2025,$ and $2026,$ respectively.

$\backslash$table$[[,($$ In millilons$)],[$Common stock,$$100$