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Use the following information to find dividends paid to common stockholders during 2018. Balance of retained earnings, Dec. 31, 2017 $462m Plus: Net Income for

Use the following information to find dividends paid to common stockholders during 2018.

Balance of retained earnings, Dec. 31, 2017 $462m
Plus: Net Income for 2018 15m
Less: Cash Dividends Paid
Preferred Stock $1m
Common Stock ?
Total cash dividends paid $?
Balance of retained earnings, Dec. 31, 2018 $470m

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