On January 1, a company had 200,000 shares of $3 par Common stock authorized, of which 75,000 shares were issued. On August 10 it repurchased 4,000 of the issued shares. On September 15, it declared a dividend of $2.50 per share. The total dividend that will be paid will be: $213,000 O $197,500 $187,500 $177,500