On January 1, 2019, Metco Inc. reported 255,000 shares of $7 par value common stock as being issued and outstanding. On March 24, 2019, Metco Inc. purchased for its treasury 2,700 shares of its common stock at a price of $35.00 per share. On August 19, 2019, 680 of these treasury shares were sold for $48.00 per share. Metco's directors declared cash dividends of $0.40 per share during the second quarter and again during the fourth quarter, payable on June 30, 2019, and December 31, 2019, respectively. A 4% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year.

b. Calculate the total amount of the cash dividends paid in the second quarter.