The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $16 million, $23 million, and $140 million in its first three years of operation-2021, 2022, and 2023, respectively. ($ in millions) $150 Common stock Paid-in capital-excess of par, common Preferred stock, 8% Paid-in capital-excess of par, preferred 820 300 540 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 Stock Annual Preferred Dividend Dividend Rate Annual Preferred Dividend Dividends in Arrears at Paid to Total Cash Dividend Paid Paid to Common Preferred year-end 2021 2022 2023 Total