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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-$24.0 mPlus:

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

Balance of Retained Earnings, December 31, 2007-$24.0 mPlus: Net Income for 200866.0 mLess: Cash Dividends PaidPreferred Stock$5.6 mCommon Stock? m

Total Cash Dividends Paid? m

Balance of Retained Earnings, December 31, 2008$10.1 m

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