Preferred Stock, $100 par, 3.5%, 10,000 authorized $ 900,000

Common Stock, $0.25 par, 1,000,000 authorized 150,000

Paid in Capital in Excess of par C/S 20,850,000

Retained Earnings 80,000,000

Treasury stock at cost, 1,000 shares 45,000

Total Stockholders equity ??????????

Assume this is year four. The dividends have not been paid for the prior three years and the company elects to declare total dividends of $150,000 in year four. How much of this dividend will be paid to common shareholders?