On march 31, mayweather corporation issued 120,000 shares of $5 par common stock for $50 per share. On august 15, mayweather's balance sheet showed 120,000 shares issued and 100,000 shares outstanding of the common stock. mayweather declared a $0.20 per share dividend on august 15. the total dividend declared by mayweather would be:

A. 24,000

B. 20,000

C. 4,000

D. Not Enough Information to Answer Question