The shareholders equity of HS Corporation includes $390,000 of $1 par common stock and $690,000 par of 7% cumulative preferred stock. The board of directors of HS declared cash dividends of $79,000 in 2018 after paying $39,000 cash dividends in 2017 and $59,000 in 2016. Required: What is the amount of dividends common shareholders will receive in 2018?

DIVIDENDS -