SeeWell Inc. has outstanding 2,000,000 shares of $5 par common stock and 250,000 shares of 7% preferred stock with a par value of $6. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year.

Assuming that $500,000 will be distributed as a dividend in the current year, the common stockholders receive dividends of ______.