Question 2 The shareholders equity of Clift Co includes the items shown below. The board of directors of Clift declared cash dividends of million, 518 million, and $48 million in each of its first 3 years of operation: 2017 ,2018,2019 respectively. Preferred stock 7% at a total value of $180,000,000 Required: Determine the amount of dividends given to preferred and common shareholders during each of the three years. The preferred stock is cumulative and non participating