Required information [The following information applies to the questions displayed below.] Homestead Oil Corporation was incorporated on January 1, 2022, and issued the following stock for cash: - 700,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2022, at $19.00 per share. - 260,000 shares of $120 par value, 9.00% cumulative, preferred stock were authorized; 77,000 shares were issued on January 1, 2022, at $150 per share. - Net income for the years ended December 31, 2022 and 2023 was $1,270,000 and $2,510,000, respectively. - No dividends were declared or paid during 2022. However, on December 27, 2023, the board of directors of Homestead declared dividends of $1,840,000, payable on February 11, 2024, to holders of record as of January 16 , 2024 .Of the total amount of dividends declared during 2023 , how much will be received by preferred shareholders