The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following:

Bonds payable, $6\%$

$$1,500,000$

Preferred $$10$ stock, $$50$ par

$42,500$

Common stock, $$13$ par

$497,250$

Income before income tax expense was $$189,000,$ and income taxes were $$27,500$ for the current year. Cash dividends paid on common stock during the current year totale $$61,200.$ The common stock was selling for $$40$ per share at the end of the year.