Consistent Company has been paying regular quarterly dividends of $2.00 and wants to pay the same amount

Question:

Consistent Company has been paying regular quarterly dividends of $2.00 and wants to pay the same amount in the third quarter of 2013. Given the following information,
(1) What is the total amount that Consistent will have to pay in dividends in the third quarter in order to pay $2.00 per share,
(2) What is the total amount of dividends to be distributed during the year assuming no equity transactions occur after June 30?
2013
Jan. 1 Shares outstanding, 800,000; $2 par (1,500,000 shares authorized).
Feb. 15 Issued 50,000 new shares at $10.50.
Mar. 31 Paid quarterly dividends of $2.00 per share.
May 12 Converted $1,000,000 of $1,000 bonds to at the rate of 100 shares of stock per $1,000 bond.
June 15 Issued an 11% stock dividend.
30 Paid quarterly dividends of $2.00 per share.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...