The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $5 million, $15 million, and $170 million in its first three years of operation2021, 2022, and 2023, respectively. Common stock Paid-in capital-excess of par, common Preferred stock, 5% Paid-in capital-excess of par, preferred ($ in millions) $120 940 240 660 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 Dividend Rate Annual Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 2021 2022 2023 Total $ 0 $ 0