As of 2012, Sommers Corp. has $10 par, 5% preferred stock, 4,000 shares outstanding, and $1 par common stock with 20,000 shares outstanding. The preferred stock is cumulative and preferred stockholders last received a dividend in 2009. If the company wants to distribute $2 per share to the common stockholders in 2012, what is the total amount of dividends that the company must pay in the current year?