ABC Company began operations in January, 2021, by issuing 9,100 shares of 8%, cumulative, $85 par value preferred stock and 16,000 shares of $15 par value common stock. ABC Company paid $27,000 of dividends in 2021, they paid $64,000 of dividends in 2022, and they paid $52,000 of dividends in 2023. Calculate the total amount of dividends that ABC Company must pay in 2024 in order to pay its common stockholders a dividend of $3 per share