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The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP deciared cash dividends of $11 million, $21 million,

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The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP deciared cash dividends of $11 million, $21 million, and $160 million in its first three years of operation-2018, 2019, and 2020, respectively (s in millions) $125 838 250 55e Common stock Paid-in capital-excess of par, preferred 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 RateDivi 80% Total Cash Paid to Dividend Paid Preferred Paid to Arrears at year-end 2019 160 192 S

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