ABC Company began operations on January 1,2023 by issuing 5,000 shares of 8%,$20 par value cumulative preferred stock for $50 per share and issuing 10,000 shares of $2 par value common stock for $16 per share. During its first three years of operations; ABC Company paid total dividends as follows: In 2026, ABC Company would like to pay the common stockholders a dividend of $3 per share. Calculate the total dividend that ABC Company must pay in 2026 in order to be able to pay the common stockholders a $3 per share dividend