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On January 1, ABC Company's stockholders' equit y included the following: a. Preferred stock (13%, $50 par, 7,000 shares issued & outstanding) b. Common stock

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On January 1, ABC Company's stockholders' equit y included the following: a. Preferred stock (13%, $50 par, 7,000 shares issued & outstanding) b. Common stock ($15 par, 25,000 shares issued & outstanding) ABC Company entered into the following transact ions during the year: 1. On March 1, ABC re-acquired 11,200 shares o f the outstanding common stock for $14 per share. 2. On May 18, ABC re-issued 2,900 of the share s re-acquired on March 1 for $21 per share. 3. On July 21, ABC re-issued 3,300 of the shar es re-acquired on March 1 for $26 per share. 4. On August 7, ABC sold 8,600 shares of its p referred stock to investors for $60 per share. 5. On September 28, ABC re-issued 1,400 of the shares re-acquired on March 1 for $17 per share. 6. On November 1, ABC declared and paid the an nual preferred stock dividend on the outstanding preferred stock as well as a $3.20 per share dividend on the outstanding commo n stock. Calculate the total dollar amount of dividends paid to all stockholders on November 1

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