Sheridan Ltd$.$ reported net income of $$5307000$ for $2023,$ and earnings per share of $$4.$ Included in the net income was $$758000$ of

bond interest expense related to its long$-$term debt. The income tax rate for $2023$ was $30\%.$ Dividends paid on preferred shares was

$$1004000.$ The payout ratio on common shares was $25\%.$ What were the dividends paid on common shares in $2023?$