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

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

Balance of retained earnings, December 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, December 31, 2018 $470m

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