Vista Corporation is engaged in software development and has one class of stock outstanding: Common A stock. a. Two years ago, Vista borrowed $1 million from Bank of America. To obtain the loan, Vista agreed to retain $500,000 in an account reserved expressly for repayment to Bank of America. The directors of Vista have paid a cash dividend from the account. All directors except Director Taylor voted in favor of the dividend. What is the effect of the dividend payment? Do any directors or shareholders have liability for payment of the dividend? Discuss. b. Assume that Vista has a great deal of cash on hand and has no pet a cash dividend in three years. Discuss whether the shareholders can require the directors to declare a dividend and whether there are any risks to Vista in not paying the dividend?