On January 1, 20x8, William Company acquired 30 percent of eGate Company's common stock, at underlying book value of $100,000. eGate has 100,000 shares of $2 par value, 7 percent cumulative preferred stock outstanding. No dividends are in arrears. eGate reported net income of $150,000 for 20x8 and paid total dividends of $72,000. William uses the equity method to account for this investment. Based on the preceding information, what amount would William Company receive as dividends from eGate for the year