Doug Graves Cemetery had 56,000 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 $31 per share. October 15 Declared a $0.40 per share cash dividend. In Graves's statement of shareholders' equity for 2021, what amount should Graves report as dividends? Multiple Choice $100,800 $67,200 $22,400 $44,800