The shareholders' equity of WBL Industries includes the items shown below. The board of directors of WBL declared cash dividends of $8 million, $20 million, and $150 million in its first three years of operation- 2016, 2017, and 2018, respectively. Common stock Paid-in capital -excess of par, common Preferred stock, 8% Paid-in capital-exces (S in millions) $100 980 200 s of par, preferred 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 PreferredCommon Dividends in Arrears at year-end Paid to 2016 2017 2018 Total