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The shareholders' equity of Kramer Industries includes the data shown below. During 2019, cash dividends...

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The shareholders' equity of Kramer Industries includes the data shown below. During 2019, cash dividends of $210 million were declared. Dividends were not declared in 2017 or 2018 Common stock Paid-in capital -excess of par, common Preferred stock, 10%, nonparticipating Paid-in capital-excess of par, preferred (S in millions) $240 720 120 420 pped Book Required: Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of assumptions regarding the characteristics of the preferred stock. (Enter your answers in millions (i.e., 10,000, Print the following two as 10)) ferences Assumption A-The preferred stock is noncumulative. Assumption B-The preferred stock is cumulative. (S in millions) Preferred Co Assumption A Assumpion B

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