Question 12 points GA 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 5150 million in its first three years of operation 2018, 2019, and 2020, respectively, (s in millions) Common stock $100 Paid-in capital excess of par, common Preferred stock, 8% Paid-in capital-exons of par, proferred Required: Determine the exunt of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is cumulative and nonparticipating 980 200 556 Preferred Common 2018 2019 2020 For the toolbar.press ALTOFT PGO ALTO 10 Mad BI5 Paragraph w 10pt 15 2 E T. x 0 0 EN HD . . x X, 11. T 2 1: 14 Question 11 The following information is available about Bright Light Corporation. Required: Prepare the shareholders' equity section of Shana Inc. balance sheet at December 31, 2021 from the following information Common Stock: Issued shares Issue price 2,000,000 $19 per share $5 per share Par value Preferred Stock Issued share 100,000 S Issue pric $21 e Par value $20 Treasury stock (at cost) 240,000 Retained Earnings $1,620,000 Equity Statement