The charter of a corporation provides for the issuance of 101,014 shares of common stock. Assume that 36,706 shares were originally issued and 4,936 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared

Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700