Wizard Corporation has $20,000$ shares of cumulative, $5\%,$ $$100$ par, preferred stock outstanding as well as $100,000$ shares of $$3$ par common stock. As of the beginning of this fiscal year, there were three years of dividends in arrears on the preferred stock. The board of directors wants to give the common stockholders a $$1\mathrm{.}25$ dividend per share. The total dividends to be declared must be $\_\_\_\_\_\_\_\_.$

$$400,000$

$$400,000$

$$525,000$

$$225,000$