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Calculate the cash dividends paid out to common stockholders

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Reference no: EM131829453

Calculate the cash dividends paid out to common stockholders based on the following information:

Balance of retained earnings, December 31, 2016 = 382,000,000

Net Income for 2017 14,000,000

Dividends paid to preferred stockholders1,000,000

Balance of retained earnings, December 31, 2017372,000,000

(Answer in Millions of dollars, with no 0s or $ sign needed, e.g. xx, or 12)

Reference no: EM131829453

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