The shareholders' equity of King Corporation includes $$610,000$ of $$1$ par common stock and $$1,210,000$

par of $7\%$ cumulative preferred stock. The board of directors of King declared cash dividends of $$151,000$

in $2021$ after paying $$61,000$ 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, $85,163\mathrm{.}82$ would be written as $85,164)$

Dividends in $2021$The shareholders$$ equity of King Corporation includes $$610,000$ of $$1$ par common stock and $$1,210,000$ par of $7\%$ cumulative preferred stock. The board of directors of King declared cash dividends of $$151,000$ in $2021$ after paying $$61,000$ 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, $85,163\mathrm{.}82$ would be written as $85,164)$