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The shareholders' equity of Azaela Industries includes the items shown below. Statement of Shareholders' Equity Common stock, at par Paid-in capital excess of par, common
The shareholders' equity of Azaela Industries includes the items shown below. Statement of Shareholders' Equity Common stock, at par Paid-in capital excess of par, common Preferred stock (4%), at par Paid-in capital - excess of par, preferred ($ in millions) 2,400 3,200 1,400 840 The board of directors of Azaela declared cash dividends in its first three years of operation2019, 2020, and 2021, respectively. Year 2019 2020 2021 Dividends Paid (S in millions) 90 66 120 Required: Determine the amount of dividends paid by the firm to preferred and common shareholders in each of the three years, assuming that the preferred stock is cumulative and nonparticipating. Please enter your answers in millions. For example, $100 million would be "100" Requirement 2019 2020 2021 Preferred Stock Dividend Paid Common Stock Dividend Paid
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