Use the following information to find dividends paid to common stockholders during 2021. (Enter your answers in millions of dollars.)   (in millions of dollars) Balance of retained earnings, December 31, 2020$496 Plus: Net income for 2021 50 Less: Cash dividends paid   Preferred stock$2 Common stock   Total cash dividends paid   Balance of retained earnings, December 31, 2021 $526

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Q: Use the following information to find dividends paid to common stockholders during 2021. (Enter your…

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