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As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 13,000 shares outstanding, and...

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As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 13,000 shares outstanding, and $1 par common stock with 64,000 shares outstanding. The preferred stock is cumulative and preferred stockholders last received a dividend in 2014. If the company wants to distribute $4 per share to the common stockholders in 2017, what is the total amount of dividends that the company must pay at the end of the current year? Select one: . a. None of these are correct. X b. $256,000 c. $263,800 d. $258,600 e. $7,800

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