Tru Corporation began operations in 2022 and issued all of its common and preferred stock on 1/1/2022. It promised to pay the common stockholders dividends of $0.25 per share, but was not sure it could live up to that. Tru’s stockholders’ equity includes $540,000 of common stock and paid-in capital from its issuance of 10,000 shares of $1 par common stock and $1,140,000 par of 7% cumulative preferred stock that was issued for $1,500,000. Tru’s board of directors declared cash dividends of $144,000 in 2024 after declaring and paying $54,000 cash dividends in each of 2023 and 2022.

Required: What is the dollar amount of dividends that common shareholders will receive in 2024?

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