The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $3 million, $5 million, and $100 million in its first three years of operation-2018, 2019, and 2020, respectively. ($ in mi11ions) stock s 50 Paid-in capital-excess of par, common Preferred stock, 6% Paid-in capital-excess of par, preferred 880 100 600 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)) Par Value Dividend Preferred Preferred Rate in Paid to Paid to Paid Preferred C Total Cash Arrears at 2018 2019 Total