The shareholders equity of King Corporation includes $500,000 of $1 par common stock and $1,100,000 par of 7% cumulative preferred stock. The board of directors of King declared cash dividends of $142,000 in 2021 after paying $50,000 cash dividends in each of 2020 and 2019.Required:What is the amount of dividends common shareholders will receive in 2021? (Round your answer to the nearest dollar. For instance, 85,163.82 would be written as 85,164)