The shareholders' equity of Red Corporation includes $340,000 of $1 par common stock and $540,000 par of 8% cumulative preferred stock. The board of directors of Red declared cash dividends of $64,000 in 2021 after paying $34,000 cash dividends in 2020 and $54,000 in 2019. What is the amount of dividends common shareholders will receive in 2021?