On November 30 of the current year, a company's board of directors declared a cash dividend of $1.38 per share. A company reported the following the Shareholder's Equity Section of its balance sheet at December 31 of the current year: Shares Authorized: 10,942 Shares Issued: 7,819 Shares Outstanding: 6,116 By what amount do liabilities increase as of December 31 of the current year due to the declared dividend? Provide your answer to the nearest dollar (i.e. no decimal places)