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The shareholders equity of HS Corporation includes $360,000 of $1 par common stock and $660,000 par of 7% cumulative preferred stock. The board of directors

The shareholders equity of HS Corporation includes $360,000 of $1 par common stock and $660,000 par of 7% cumulative preferred stock. The board of directors of HS declared cash dividends of $76,000 in 2021 after paying $36,000 cash dividends in 2020 and $56,000 in 2019.

Required: What is the amount of dividends common shareholders will receive in 2021?

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