Philips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows: $ 401,000 804,000 1,085,000 $2,290,000 Assets Cash Accounts receivable Fixed assets Total assets Liabilities and stockholders' Equity Accounts payable Long term payable Connon stock (320,000 shares at $1 par) Retained earnings Total liabilities and stockholders' equity $ 536,000 297,000 320,000 1,137.000 $2,290,000 0-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividonds per shato 0-2. Is this realistic? O Yes . b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your onswer to 2 decimal places.) Dividends par share O No b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share c. Assume the firm earned an 16 percent return on stockholders' equity last year. If the board wishes to pay out 50 percent of earnings in the form of dividends, how much will dividends per share be? (Do not round Intermediate calculations and round your answer to 2 decimal places.) Dividends per share