Jade Corp. reports the following information in its equity section of the statement of financial postion: $500,000 in Preferred shares, $3.00, 10,000 shares outstanding, cumulative, non- voting $750,000 in Common shares, 50,000 shares outstanding Last year was the first year that the company paid no dividends. The board of directors declared total cash dividends of $100,000 for this year. What will be the total dividends payable to the common shareholders for this year