Prebuilt 18-1 The shareholders equity MLS Enterprises included $170 million of no par common stock and $340 million of 5% cumulative preferred stock. The board of directors of MLS declared cash dividends of $46 million in 2018 after paying $11 million cash dividends in both 2017 and 2016.

That is the amount of dividends common shareholders will receive in 2018? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

	Par Value Preferred Stock	Dividend Rate(%)	Annual Preferred Dividend
Annual Preferred Dividend
	Total Cash Dividend Paid	Paid to Preferred	Paid to Common	Dividends in Arrears at year-end
2016
2017
2018
Total	$ 0	$ 0	$ 0