1. The annual report for Cool Corporation disclosed that the company declared and paid dividends on common stock in the amount of $0.20 per share. During the current year, Cool had 450,000 shares authorized, 300,000 shares had been issued, and 200,000 shares were outstanding. What is the total dividends Cool paid out during the year?

   	a.	$60,000
   	b.	$90,000
   	c.	$40,000
   	d.	Not enough information to calculate the amount.