Wok N Roll,Inc

Multiple Choice

Wok N Roll,Inc.began on January 1,2014 by issuing 100,000 shares of $1 par value common stock and 1,000 shares of $100 par value,5%,cumulative preferred stock.No dividends were declared in 2014 or 2015.In 2016,Wok N Roll declared and paid a $0.50 dividend to its common stockholders.Assuming all shares originally issued are outstanding,the total dividend declared and paid in 2016 equals:

A) $65,000.
B) $50,500.
C) $50,000.
D) $55, 000.