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The balance sheet of Hilton Company included the following shareholders' equity accounts at December 3 1 , 2 0 2 3 : Common stock, 2

The balance sheet of Hilton Company included the following shareholders' equity accounts at December 31,2023:
Common stock, 200,000 shares at $1 par
$200,000
Paid-in capital---excess of par
1,200,000
Retained earnings
900,000
Total shareholder' equity
$2,300,000
During 2024, the following transactions occurred:
On May 3,2024, a 5-for-4 stock split was declared and distributed. The stock splitwas effected in the form of a 25% stock dividend. The market value of the $1 par common stock was $10 per share.
On July 5,2024, a 4% common stock dividend was declared and distributed. The market value of the common stock was $12 per share.
On December 1,2024, the board of directors declared a cash dividend of $0.5 per share on its common shares, payable on December 28 to shareholders.
Determine the amount of cash dividend paid to shareholders on December 28,2024:
$110,000
$100,000
$120,000
$130,000

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