The shareholders' equity of Green Corporation includes $244,000 of $1 par common stock and $440,000 par of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $54,000 in 2018 after paying $24,000 cash dividends in each of 2017 and 2016. What is the amount of dividends common shareholders will receive in 2018?

Multiple Choice

• $31,200.

• $22,800.

• $28,800.

• $27,600