Hazelnut Corporation Had 40,000 Shares of $4 Par Value Common

Multiple Choice

Hazelnut Corporation had 40,000 shares of $4 par value common stock outstanding on January 1.On January 20,the company purchased 4,000 of its stock for $16 per share.On July 3,the company reissued 2,000 of the shares at $20 per share.Hazelnut uses the cost method to account for its treasury stock.Assume the company paid a dividend of $5 per share on August 3.What is the total amount of the dividends that would be paid to the common stockholders?

A) $190,000
B) $200,000
C) $180,000
D) $152,000