The shareholders equity of Kramer Industries includes the data shown below. During 2017, cash dividends of $180 million were declared. Dividends were not declared in 2015 or 2016.

	($ in millions)
Common stock	$	380
Paid-in capitalexcess of par, common		1,140
Preferred stock, 10%, nonparticipating		190
Paid-in capitalexcess of par, preferred		380

Required:

Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristics of the preferred stock. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Assumption A The preferred stock is noncumulative.

Assumption B The preferred stock is cumulative.

Assumption A Assumption B in millions Preferred Common