QUESTION 23 23. Maxim Holding Co., Inc. was authorized to issue 200,000 of its $3 par value commission. Maxim Holding Co., Inc. had the following transactions during the month of March 2020: 3/4/20 - Sold 25,000 shares of common stock at $5 each. 3/10/20 - Repurchase 5,000 of its own shares at $8 per share. 3/15/20 - Sold 2,000 of the share purchased on 3/10/20 at $10 per share. 3/20/20 - Sold 2,000 of the shares purchased on 3/10/20 at $5 per share 3/23/20 - Declared a $2 per share cash dividends on all outstanding shares of common stock. 3/31/20 - Paid the dividends declared on 3/23/20. How much dividends were declared and paid? A. $50,000 B. $48,000 C. $10,000 D. $46,000