At October 1, Smithson Enterprises Reported Equity of $70,000

Multiple Choice

At October 1, Smithson Enterprises reported equity of $70,000.During October, capital shares of $4,000 were issued and the company earned net income of $12,000.If equity at October 31 totals $80,000, what amount of dividends were paid during the month?

A) $0
B) $6,000
C) $8,000
D) $10,000