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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
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 67.0 m Less: Cash Dividends Paid Preferred Stock $5.7 m Common Stock ? m Total Cash Dividends Paid ? m Balance of Retained Earnings, December 31, 2008 $10.2 m
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