As of $2017,$ Buttle Corp. has $$10$ par, $2\%$ preferred stock, $9,750$ shares outstanding, and $$1$ par common stock with $48,000$ 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$.$ $$193,950$

b$.$ $$5,850$

c$.$ $$192,000$

d$.$ None of these are correct.

e$.$ $$197,850$