Colorful, Inc. was incorporated on January 1, 2016. Colorful issued

9 comma 000

shares of common stock and

600

shares of preferred stock on that date. The preferred stock is cumulative,

$ 100.00

par, with a

10

%

dividend rate. Colorful has not paid any dividends yet. In 2019, Colorful had its first profitable year, and on November 1, 2019, Colorful declared a total dividend of

$ 32 comma 000

.

What is the total amount that will be paid to common stockholders?