Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2008.

Balance of Retained Earnings, December 31, 2007		$23.0 m
Plus: Net Income for 2008		77.0 m
Less: Cash Dividends Paid
Preferred Stock	$6.7 m
Common Stock	? m
Total Cash Dividends Paid		? m
Balance of Retained Earnings, December 31, 2008		$10.2 m

A. $37.1 million

B. $43.8 million

C. $87.2 million

D. $106.7 million