Doug Graves Cemetery had 51,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the following actions:

June 1 Declared a 2-for-1 stock split, when the fair value of the stock was $26 per share.October 15 Declared a $0.50 per share cash dividend.

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

Multiple Choice

$25,500

$51,000

$76,500

$102,000