The following is the shareholders' equity section of Flounder Corp. at December 31, 2023: 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. (a) No dividends were paid in 2021 or 2022 . On December 31,2023, Flounder wants to pay a cash dividend of $5 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 answers to 0 decimal places, e.g. 5,275.)