Dividend constraints A firm has $750,000 in paid-in capital, retained earnings of $39,000 (including the current year's earnings), and 30,000 shares of common stock outstanding. In the current year, it has 528,000 of earnings available for the common stockholders. a. What is the most the firm can pay in cash dividends to each common stockholder? (Assume that legal capital includes al paid in capital) b. What effect would a cash dividend of $1.23 per share have on the firm's balance sheet entries? c. If the firm cannot raise any new funds from external sources, what do you consider the key constraint with respect to the magnitude of the firm's dividend payments? a. If legal capital is assumed to include all paid in capital, the most the firm can pay in cash dividends to each common stockholder is $]. (Round to the nearest cent)