I Need Summer, Inc. has the following stock information related to its common stock: common stock, $5 par value 84,546 shares authorized, 62, 109 shares issued and outstanding On October 1st, the board of directors of I Need Summer, Inc. declares a $2.75 per share dividend on common stock to stockholders of record on October 15th, payable on October 31st. What is the total amount of this dividend