ABC issued 12,000 shares and subsequently reacquired 2,000 shares as treasury stock. The following year, ABC Corporation declared a regular quarterly dividend of $2 per share. What would be the total amount of the dividend expense? Select one: a. $24,000. O b. $20,000. O c. $4,000. d. $28,000. You are given the following information: Capital Stock, $80,000 ($80 par); Paid-In Capital in Excess of Par Value-Common, $200,000 and Retained Earnings, $400,000. Assuming that there is only one class of stock and that all stock was issued on the same day, what was the sales price of each share? Select one: a. $80. b. $680. c. $400. d. $280. e. None of the above