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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

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