International Distributing Export Company (I.D.E.) was organized as a corporation on September 7, 2014, under the laws of New York and commenced business on November 1, 2014. I.D.E. formerly had been in existence as a sole proprietorship. On October 31, 2014, the newly organized corporation had liabilities of $64,084. Its only assets, in the sum of $33,042, were those of the former sole proprietorship. The corporation, however, set up an asset on its balance sheet in the amount of $32,000 for goodwill. As a result of this entry, I.D.E. had a surplus at the end of each of its fiscal years from 2015 until 2020. Cano, a shareholder, received $7,144 in dividends from I.D.E. during the period from 2016 to 2021. May Fried, the trustee in bankruptcy of I.D.E., recover the amount of these dividends from Cano on the basis that they had been paid when I.D.E. was insolvent or when its capital was impaired? Explain.