On January 1, Y1, the stockholders equity section of Pearson Technology included the following balances:

Common stock ($20 par value; 100,000 shares authorized; 3,000 shares issued) - $ 60,000

Additional Paid-In Capital - 140,000

Retained Earnings - 200,000

Total stockholders equity - $400,000

During the year, Pearson entered into the following transactions:

March 1 issued 8000 shares for $30 per share

April 1 declared a 3:1 stock split for shareholders who owned shares at the close of May 1

July 1 issued 2,200 shares for $16 per share October 1 repurchased 800 shares for $18 per share

November 1 declared a cash dividend of $3 per share for shareholders who own shares at the close on December 1

December 31 reported $191,590 of net income for the year ended December 31.

What is the amount of dividends declared during the year ended December 31, Y1? (Round your answer to the nearest dollar).