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  3. the shareholders equity of ilp industries includes the items shown...

Question: the shareholders equity of ilp industries includes the items shown...

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The shareholders equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $3 million, $18 million, and $110 million in its first three years of operation-2018, 2019, and 2020, respectively Common stock Paid-in capital-excess of par, common Preferred stock, 6% Paid-in capital-excess of par, preferred (S in millions) $1e0 890 200 610 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).) Preferred Dividend Annu Preferred Dividend Rate Annual Preferred Dividend Total Cash Dividend Pald Pald to Preferred Paid to Common Dividends in Arrears at 2018 2019 2020 Total
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