Katz Corporation has issued 400,000 shares of common stock and holds 20,000 shares of treasury stock. Katz's charter authorized the issuance of 500,000 shares. The company has declared and paid a dividend of $1 per share on outstanding common stock. What is the total amount of the dividend paid to common stockholders? O $400,000 $20,000 O $380,000 O $500,000