Cottontail wants to find out the maximum amount of cash dividends it can pay this year. The company has $250,000$ shares outstanding currently. Its balance sheet is shown below:

Assets

Cash $ $412,500$

Accounts Receivable $900,000$

Fixed Assets $987,500$

$$2,300,000$

Liabilities and Shareholders$$ Equity

Accounts Payable $ $445,000$

Long$-$term Payable $280,000$

Common Stock $600,000$

Retained earnings $975,000$

$$2,300,000$

$10.$ What is the highest amount of dividends that Cottontail firm could pay from a legal perspective?

$11.$ What is the maximum amount of dividends per share that Cottontail could pay in terms of cash availability?