In addition to its common stock, Johnson Corp. had 20,000 shares of $50 par value, 8%, cumulative preferred stock outstanding for all of 20X5. Johnson did not declare any dividends for the past two years (20x4 and 20X3); however, it will declare and pay a dividend of $300,000 in 20x5 to be distributed between its preferred and common shareholders. Question: What portion of the total 20x5 declared dividend amount should common stockholders receive? Answer: $ (note: do not use commas, decimals, or cents)