Circus Town is offering 1,200 shares of stock in a Dutch auction. The bids include:

Bidder	Quantity	Price
A	200	$23
B	300	$22
C	1,000	$21
D	1,500	$20

How much cash will Circus Town receive from this stock offering? Ignore all costs.

a)

$25,000

b)

$25,200

c)

$25,500

d)

$25,700

e)

$25,900