DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Assets Cash Land $ 32,000 24,000 $ 56.000 Total assets Liabilities Notes payable $ 10,000 $ 10,000 Total liabilities Stockholders' Equity Common stock Retained earnings $ 36,000 10,000 46,000 Total stockholders' equity Total liabilities and stockholders' equity $ 56,000 d. Based on the December 31, Year 2, balance sheet, what is the largest cash dividend Dakota could pay? Answer is complete but not entirely correct. Cash dividend $ 32,000