34. Swifty Corporation had net income for 2021 of $1588000 and earnings per share on common stock of $5. Included in the net income was $220000 of bond interest expense related to its long-term debt. The income tax rate for 2021 was 30%. Dividends on preferred stock were $297000. The payout ratio on common stock was 24%. What were the dividends on common stock in 2021?

$309840.

$381120.

$347669.

$464760.