Merlin Company bought 18,000 shares of the voting common stock of Arthur Corporation in January 2012. In December, Arthur announced $200,000 net income for 2012 and declared and paid a cash dividend of $2 per share on the 200,000 shares of outstanding common stock. Merlin Company's dividend revenue from Arthur Corporation in December 2012 would be:
a) $ 0.
b) $32,000.
c) $56,000.
d) $36,000