Beta company had 62,000 shares of common stock issued and outstanding at January 1, 2021. during 2021, beta took the following actions:

June 1 declared a 2-for-1 stock split, when the fair value of the stock was $37 per share

October 15 declared a $0.40 per share cash dividend

In beta's statement of shareholders' equity for 2021, what amount should beta report as dividends?

a. 74,000

b. 111,600

c. 24,800

d. 49,600