On January $1,2022,$ Metco Incorporated reported $411,050$ shares of $$5$ par value common stock as being issued and outstanding. On March $24,2022,$ Metco Incorporated purchased for its treasury $3,600$ shares of its common stock at a price of $$37$ per share. On August $19,2022,1,450$ of these treasury shares were sold for $$43$ per share. Metco$$s directors declared cash dividends of $$1\mathrm{.}50$ per share during the second quarter and again during the fourth quarter, payable on June $30,2022,$ and December $31,2022,$ respectively. A $4\%$ stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year.

Problem $8-28($Static$)$ Part d

d$.$ Calculate the total amount of cash dividends paid in the fourth quarter.