The shareholders equity of Kramer Industries includes the data shown below. During 2022, cash dividends of $70 million were declared. Furthermore, dividends were declared in 2020 (15 million) and in 2021 (30 Million).

(in millions)

Common stock $200

Paid-in capital-excess of par, common 800

Preferred stock, 10%, non participating 100

Paid-in capital-excess of par, preferred 270

Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristics of preferred stock.

Assumption A & Assumption B

This is what I have calculated but I do not know how to add in 2021 dividends and 2022>>>>>> Help

During 2022	Cash Dividends Declared		160,000,000
	Common Stock		340,000,000
	PIC--Excess of Par, Common		1,360,000,000
	PS 10% nonparticipating		170,000,000
	PIC--Excess of Par, Preferred		340,000,000
Assumption A -- Noncumulative
		Preferred	Common	Total
				160,000,000
	Current Preference	17,000,000		(17,000,000)
				143,000,000
	Remainder to Common		143,000,000	(143,000,000)
				-
	Allocation	17,000,000	143,000,000
Assumption B-- Cumulative
		Preferred	Common	Total
	Dividends in arrears			160,000,000
	2020	17,000,000		(17,000,000)
	2021	17,000,000		(17,000,000)
	Current Preference	17,000,000		(17,000,000)
				109,000,000
	Remainder to Common		109,000,000	(109,000,000)
				-
	Allocation	51,000,000	109,000,000