3 The financial condition of White Co. Inc. is expressed in the following accounting equation: 81 pints Assets $1,800 Cash + $12,000 Land Liabilities $6,000 + Common Stock Retained Earnings + $5,000 $2,800 Check my work Required a. Are dividends paid to creditors or investors? b. How much cash is in the Retained Earnings account? d. If the obligation to creditors is due, can White Co. Inc. repay the loan? eBook c. Determine the maximum dividend White Co. Inc. can pay Hint Print References e. Suppose the land sinks into the sea as a result of an earthquake and a resulting tsunami. The business is then liquidated. How much cash will creditors receive? How much cash will investors receive? (Assume there are no legal fees or other costs of liquidation.) Mc Complete this question by entering your answers in the tabs below. Req A Req B and C Req D Req E Are dividends paid to creditors or investors? Are dividends paid to creditors or investors? Hey A Req B and C > Prev 3 of 11 Next>