The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $4 million, $17 million, and $180 million in its first three years of operation-2021, 2022, and 2023, respectively. Common stock Paid-in capital-excess of par, common Preferred stock, 5% Paid-in capital-excess of par, preferred ($ in millions) $130 950 260 670 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 Preferred Dividend Rate Annual Preferred: Stock Dividend Annual Preferred Dividend $ 260 5.0 13 Total Cash Paid to Dividend Paid Preferred Paid to Common Dividends in Arrears at year-end 2021 4 4 0 2022 17 17 0 2023 180 Total: $ 201 $ 21 $ 0