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Current Attempt in Progress The following selected financial information was extracted from the December...

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Accounting

Current Attempt in Progress
The following selected financial information was extracted from the December 31,2024, financial records of Carla Vista Corporation:
\table[[,Debit,Credit],[Cash,$67,600,],[Short-term investments shares of Wildhorse Corporation),93,600,],[Common shares (500,000 shares authorized, 110,000 issued),$1,100,000,],[Retained earnings (before closing entries),523,000,],[Net income for 2024,96,000,]]
The company's board of directors is considering declaring a dividend. The company's common shares are currently selling for $41 per share.
(a)
Given the present financial position of Carla Vista Company, how large a cash dividend can the board of directors declare?
Cash dividend
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