Question 4. Dividends for cumulative preferred stocks The shareholders' equity of MLS Enterprises includes $100 $300 million of 6% cumulative preferred ste dividends of $41 million in 2018 after paying 1 ve preferred stock. The board of directors of MLS declared cash ses includes $150 million of no par common stock and o arter paying $14 million cash dividends in both 2017 and 2016. What is the amount of dividends common amount of dividends common shareholders will receive in 2018? Par Value Dividend Rate() Preferred Stock Dividend Rate (%) Annual Preferred Dividend Annual Preferred Dividend: 6.0% $ 18 $ 300 Total Cash Dividend Paid Pald to Preferred Paid to Common Dividends in Arrears at year-end 2016 2017 2018 Total 14 141 26 54 69 $