Donald's Inc. would like to declare dividends by distributing inventory. Partial financial information for Donald's Inc. is below.

Cash balance..................$52,000

Inventory.......................$20,000

Retained Earnings............$10,000

Accounts Receivable.........$7,500

Dividends receivable.........$1,200

Shareholder's equity.........$129,000

What is the maximum property dividend that Donald's Inc. can declare given the above financial information?

$129,000

None of the other alternatives are correct

$1,200

$20,000

$52,000