At the end of 1999, the total assets of Dole Corp were $90,000 and total liabilities were $50,000. The company has been in business five years and has earned an average net income of $4,000 per year during the five years. Total cash dividends of $8,000 were declared and paid. Therefore, the total amount received for the capital stock issued by the company was
a. $28,000
b. $30,000
c. $40,000
d. $46,000