Colchuck Company has the following information for 2018 and 2019. 2018 is Colchuck's first year in business. 2018 1. Colchuck Company issues 2,000 shares of $1 par value common stock for $12 per share. 2. Colchuck issues 76 shares of 10% cumulative preferred stock, which has a par of $10. 3. Colchuck does not pay any dividends in 2018. 2019 1. Colchuck earns income of $20,000 and declares dividends of $12,000 to be divided among preferred and common stockholders. How much of the $12,000 in declared dividends will go to common shareholders? Please answer with a total value that will go to common shareholders (not a per-share value)