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

Statement of Retained Eamings Use the following information to find dividends paid to common stockholders during 2008_ Balance of Retalned Earnlngs. December 31. 2007 Plus: Net Income for 2008 Less: Cash Dlvldends Pald Preferred Stock Common Stock Total Cash Dlvldends Pald Balance of Retalned Earnlngs. December 31. 008 -S23_o m 770m $67 m