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The charter of a corporation provides for the issuance of 95,631 shares of common stock. Assume that 38,620 shares were originally issued and 3,109 were

image text in transcribed The charter of a corporation provides for the issuance of 95,631 shares of common stock. Assume that 38,620 shares were originally issued and 3,109 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $95,631 b. $38,620 c. $71,022 d. $3,109

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