The balance sheet of Tornado Company included the following shareholders' equity accounts at December 31, 2021: During 2022, the following transactions occurred: Common stock, 320,000 $320,000 shares at $1 par Paid-in capital---excess of par 1,920,000 Retained earnings Total shareholder' equity 4,200,000 $6,440,000 4 points Save Ariswer 1. On May 3, 2022, a 5-for-4 stock split was declared and distributed. The stock split was effected in the form of a 25% stock dividend. The market value of the $1 par common stock was $15 per share. 2. On July 5, 2022, a 4% common stock dividend was declared and distributed. The market value of the common stock was $20 per share. 3. On December 1, 2022, 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, 2022: $200,000 O $166,400 O $160,000 $208,000