Current Attempt in Progress

The following selected financial information was extracted from the December $31,2024,$ financial records of Carla Vista Corporation:

$\backslash$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