DE14-11 Study Exhibit 14-6, page 551. The company's board of directors is preparing to declare a cash dividend. 1. The company has plenty of cash. What is the maximum amount of cash dividends the board of directors can declare? Explain how you arrived at your answer. 2. What is the nature of the retained earnings restriction in the exhibit? Why did the com- pany restrict (appropriate; its retained earnings? Explain.