Question 3 (2 points) On June 1 a new company issued 100,000 shares of $1 par value common stock for cash at $5 per share. On June 10 the same new company issued 50,000 shares of S1 par value common stock for cash at $7 per share. On July 3 this company repurchased 20,000 shares of its $1 par value common stock with cash at $10 per share, On September I this company announced cash dividends of 20 per share to all common stock outstanding, payable on September 30. The ex-dividend date is September 13 and the record date is September 17. What is the amount of dividends paid on Sept. 17? Show your work