Deductive reasoning works from specific evidence to a general conclusion.

On January 6, you purchased 700 shares of Kulpepper Distributors stock. On July 12, you sold 400 shares of this stock for $34 per share. You sold an additional 200 shares on July 14 at a price of $33.40 per share. The company declared a $.75 per share dividend on June 16 to holders of record as of Tuesday, July 18. This dividend is payable on August 10. How much dividend income will you receive on August 10 as a result of your ownership Kulpepper stock?

A) $150
B) $225
C) $375
D) $450
E) $525