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equity quiz!

Question 3 (1 point) Burton Inc. has two classes of stock, 3%$100 par noncumulative Preferred Shares and $2.45 par Common Shares. Currently there are 13,000 shares of the preferred and 43,000 shares of the common shares outstanding. Last year there was a disaster that wiped out a major division and so there was no dividend. In the earlier years (before the disaster), a dividend was declared and paid that exceeded the maximum for the preferred shareholders. A dividend for the current year was just declared in the amount of $240,000. What is the amount of dividends that will go to the common shareholders? Respond rounded to whole dollars, without a dollar sign and without commas. Your