The shareholders' equity of Crystal Company includes the items shown below. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 6% , $100 par, 1,000,000 shares outstanding The board of directors of Crystal declared cash dividends of $3 million, $5 million, and $50 million in each of its first 3 years of operation: 2015, 2016, 2017, respectively. The preferred stock is cumulative and nonparticipating. Determine the amount of dividends on preferred nd common stock for 2017 $6 million and $44 million for preferred and common stock, respective. $7 million and $43 million for preferred and common stock, respective. $10 million and $40 million for preferred and common stock, respective. $8 million and $42 million for preferred and common stock, respective