The outstanding capital stock of Harlan Corporation consists of 10,000 shares of $40 par value, 4% preferred stock, and 800,000 shares of $1 par value common stock. Harlan has decided to pay dividends of $2,000,000 of dividends. The preferred shares haven't received any dividend in the previous 2 years. How much will the PREFERRED SHAREHOLDERS receive if the preferred stock is CUMULATIVE and PARTICIPATING?