The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $8 million, $20 million, and $150 million in its first three years of operation-2018, 2019, and 2020, respectively ($ in millions ) $100 Common stock Paid-in capital-excess of par, common Preferred stock, 8% Paid-in capital-excess of par, preferred 980 200 Required 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. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Answer is not complete. Par Value Preferred Stock Annual Preferred Dividend Dividend Rate Annual Preferred Dividend: Total Cash Dividends in Arrears at year- end Paid to Dividend Preferred Common Paid to Paid 2018 2019 2020 2 2