As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 6,500 shares outstanding, and $1 par common stock with 32,000 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. $128,000

b. $131 900

c. $129,300

d. $3.900

e. None of these are correct.