For the past 3 years, Sporty corporation has the following shares outstanding: 100,000 common shares ($ 5 par value) 20,000 preferred shares, $ 50 par, 6%, Non cumulative 5,000 preferred shares, $ 100 par, 8% cumulative The company did Not pay dividends for 2018, 2019, and 2020. On 31 December 2020, the company declares $ 250, 000 as cash dividends on all its shares outstanding. How much is the total cash dividends to be paid to common shareholders?