Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2018. During 2018, Graves took the following actions: June 1 Declared a 2-for-1 stock split, when the fair value of the stock was $25 per share. October 15 Declared a $0.60 per share cash dividend. In Graves's statement of shareholders' equity for 2018, what amount should Graves report as dividends? 0 $40,000 O $30,000 O $20,000 O $60,000