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Use the following information to find dividends paid to common stockholders during 2012. (Enter your answers in millions of dollars. Input all amounts as positive

Use the following information to find dividends paid to common stockholders during 2012. (Enter your answers in millions of dollars. Input all amounts as positive values.)

2012
Balance of retained earnings, December 31, 2011 $ 462 m
Plus: Net income for 2012 15 m
Less: Cash dividends paid
Preferred stock $ 1 m
Common stock m
Total cash dividends paid m
Balance of retained earnings, December 31, 2012 $ 470 m

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