On December 31st, 2022 Czervik Construction had 60,000 shares of $50 par value common stock outstanding. On January 1st, 2020, Czervik issued 30,000 shares of $100 par value, 4% cumulative preferred stock.

Czervik did not declare dividends in 2020.

Czervik declared $220,000 of total dividends in 2021.

Czervik declared $220,000 of total dividends in 2022.

What was the number of dividends received by common shareholders in 2022?

The correct answer should be $80,000! I don't need an explanation, I just want to see how did you get the correct answer. Thank you