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The shareholders' equity of Red Corporation includes $ 2 0 0 , 0 0 0 of $ 1 par common stock and $ 4 0

The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred stock. The board of directors of Red declared cash dividends of $50,000 in 2024 after paying $20,000 cash dividends in 2023 and $40,000 in 2022. What is the amount of dividends common shareholders will receive in 2024?

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