60 Topper Corporation has 120,000 shares of $1 par value common stock and 84,000 shares of cumulative 8.2%, $100 par preferred stock outstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.85 per common share dividend this year, what will be the total amount they must pay their shareholders?

$342,000.

$910,800.

$1,599,600.

$222,000.