On January 1, 2020, Pail Corporation acquired 90 percent of Sand Company's common stock for $720,000 cash. The fair value of the noncontrolling interest at that date was determined to be $80,000. For the year ended December 31, 2020 Pail reported Dividends of $40000 on its general ledger. Sand reported Dividends of $47000 on its general ledger. What amount of DIVIDENDS would be reported on the 12/31/20 consolidated Statement of Retained Earnings