The following is the shareholders equity section of Pronghorn Corp. at December 31, 2020:

Preferred shares,a authorized 100,000 shares; issued 40,000 shares		$	1,080,000
Common shares (unlimited authorized, 55,000 issued)			1,375,000
Contributed surplus			100,000
Total paid-in capital			2,555,000
Retained earnings			2,547,100
Total shareholders equity		$	5,102,100

^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)

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No dividends were paid in 2018 or 2019. On December 31, 2020, Pronghorn 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 0 decimal places, e.g. 5,275.)

		Preferred		Common		Total
Amount to be paid to shareholders		$		$		$