Question $3(1$ point$)$

Burton Inc. has two classes of stock, $7\%$$$100$ par noncumulative Preferred Shares and $$2\mathrm{.}00$ par Common Shares. Currently there are $13,000$ shares of the preferred and $83,000$ 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 $$280,000.$

What is the amount of dividends that will go to the common shareholders?