Phillips 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: $ 388,080 831, eee 1,019,000 $2,238,800 Assets Cash Accounts receivable Fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Long term payable Common stock (320,000 shares at $2 par) Retained earnings Total liabilities and stockholders' equity $ 448, eee 280, eee 640,000 870,000 $2,238,eee a-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.) Dividends per share a-2. Is this realistic? Yes NO a-2. Is this realistic? Yes 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.) Dividonds per sharo C. Assume the firm earned an 20 percent return on stockholders' equity last year. If the board wishes to pay out 40 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