Towson Corp., had 3,000 shares of $100 par, 3% cumulativepreferred stock as of January 1, 2018.No additional shares of preferred stock were issued during fiscal years 2018 & 2019.Dividends were paid to common shareholders in 2017 but no shareholders were paid dividends in 2018.A total of $80,000 of dividends was paid in 2019.Use this information to determine the total dollar amount of dividends that was paid to common shareholders during fiscal year 2019.