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accounts, Funny Bones had the following in its equity section as at January 1, 2021. Preferred shares, $3 cumulative dividend, 27,309 shares issued and outstanding.

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accounts, Funny Bones had the following in its equity section as at January 1, 2021. Preferred shares, $3 cumulative dividend, 27,309 shares issued and outstanding. These shares had a value of $300,000 in the Company's Common shares, 50,000 issued and outstanding these shares have a value of $750,000 in the Company's accounts, Dividends were last declared and paid in 2018. On December 20, 2021 the Company declared dividends of $586,368. Determine the amount of dividends distributable to common shareholders in 2021. Do not use S signs in your final answer. Do not round intermediary answers. If on account does not apply, enter 0. Round your final answers to the nearest dollar

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