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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 $21.0
Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2008.
Balance of Retained Earnings, December 31, 2007 | $21.0 m | |
Plus: Net Income for 2008 | 64.0 m | |
Less: Cash Dividends Paid | ||
Preferred Stock | $5.4 m | |
Common Stock | ? m | |
Total Cash Dividends Paid | ? m | |
Balance of Retained Earnings, December 31, 2008 |
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