The shareholders' equity of ILP industries includes the items shown below. The board of directors of ILP declared cash dividends of $17 million, $35 milison, and $180 milion in its first three years of operation-2024. 2025, and 2026, respectively. Required: 1. Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years. assuming that the preferred stock is cumulative and nonparticipating 2. Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is noncumulative ond nonparticipoting Complete this question by entering your answers in the tabs below. Determine the amount of dividends to be paid to preferred and cammon shareholders in each of the three years, assuming that the preferred stock is cumilative and nonpartopating. The shateholders' equity of ILP Industles includes the Items shown below The board of directors of ILP declared cash dividends of $17 million, $35 million, and $180 milion in its first three years of operation-2024. 2025, and 2026, respectively Required: 1. Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming thot the preferred stock is cumulative and nonparicipating 2. Determine the amount of dividends to be poid to preferred and common shareholders in each of the three years. assuming that the preferred stock is noncumulative and nonparticipating Complete this question by entering vour answers in the tabs below. Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is noncumulative and nonparticipating. Notet Enter your answers in millions (0.e, 10,000,000 should be entered as 10 )