Lenc Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock on January 1, 2016. On March 1, they declared a 15% stock dividend. The company then declared a $0.70 per share cash dividend. What is the amount of dividends payable? Select one: OA. $100,625 B. $120,750 C. $105,000 D.$ 87,500