The articles of incorporation for Highway 151 Corporation authorizes 50,000 shares of common stock. If 35,000 shares were originally issued and 4,000 shares were subsequently reacquired what is the amount of cash dividends to be paid if a $2 per share dividend is declared?

a,

$92,000

b.

$100,000

c.

$62,000

d.

$70,000