Wok N Roll, Inc. began on January 1, 2014 by issuing 100,000 shares of $1 par value common stock and 1,000 shares of $100 par value, 5%, cumulative preferred stock. No dividends were declared in 2014 or 2015. In 2016, Wok N Roll declared and paid a $0.50 dividend to its common stockholders. Assuming all shares originally issued are outstanding, the total dividend declared and paid in 2016 equals: a. 65,000 b. 55,000 c. 50,000