The outstanding capital stock of Harlan Corporation consists of 30,000 shares of $30 par value, 4% preferred stock, and 700,000 shares of $1 par value common stock. Harian 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? Please round your answer to the nearest dollar