The following is the shareholders' equity section of Ayayai Corp. at December 31, 2020: Preferred shares, a authorized 100,000 shares; issued 20,000 shares Common shares (unlimited authorized, 50,000 issued) Contributed surplus Total paid-in capital Retained earnings Total shareholders' equity $ 500,000 1,250,000 100,000 1,850,000 2,000,000 $ 3,850,000 a The preferred shares have a $2 dividend rate, are cumulative, and participate in distributions in excess of a $3 dividend on the common shares. No dividends were paid in 2018 or 2019. On December 31, 2020, Ayayai wants to pay a cash dividend of $4 per share to common shareholders. How much cash would be needed for the total amount to be paid to preferred and common shareholders? (Round excess return percentage to 4 decimal places, e.g. 52.7531% and final answer to O decimal places, e.g. 5,275.) Preferred Amount to be paid to shareholders $ Common $ Total $