Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2018.

Balance of Retained Earnings, December 31, 2017 -$ 21.0 million Plus: Net Income for 2018 69.0 million Less: Cash Dividends Paid Preferred Stock $ 5.9 million Common Stock ? million Total Cash Dividends Paid? million Balance of Retained Earnings, December 31, 2018 $ 10.4 million

Multiple Choice

A.$95.9 million

B.$79.4 million

C.$37.6 million

D.$31.7 million