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XYZ Company began operations in January, 2019, by issuing 3,500 shares of 9%, cumulative, $50 par value preferred stock and 8,000 shares of $7 par

XYZ Company began operations in January, 2019, by issuing 3,500 shares of 9%, cumulative, $50 par value preferred stock and 8,000 shares of $7 par value common stock. XYZ Company paid $17,000 of dividends in 2019, they paid $6,000 of dividends in 2020 and $19,000 of dividends in 2021. In 2022, XYZ Company paid $70,000 of dividends to its stockholders.

Calculate the amount of the $70,000 dividend paid in 2022 that was paid to common stockholders. Do not use decimals in your answer.

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