In each of the following independent cases, it is assumed that the corporation has $$760,000$ of $6\%$ preferred stock and $$3,040,000$ of common stock outstanding, each having a par value of $$10.$ No dividends have been declared for $2024$ and $2025.$Your answer is incorrect.

On $\frac{12}{31}\frac{?}{26},$ the preferred stockholders received a $$255,000$ dividend on their stock which is cumulative and fully participating. How much money was distributed in total for dividends during $2026?$

Money distributed