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As of 2018, Buttle Corp. has $10 par, 6% preferred stock, 6,200 shares outstanding, and $1 par common stock with 25,600 shares outstanding. The preferred

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As of 2018, Buttle Corp. has $10 par, 6% preferred stock, 6,200 shares outstanding, and $1 par common stock with 25,600 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 2018, what is the total amount of dividends that the company must pay at the end of the current year

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