Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed: a. Issued 5,100 shares of common stock for cash at $21 per share. b. Issued 1,100 shares of common stock for cash at $24 per share. 4. Incentive Corporation has $49,000 in the company's bank account. At year-end, the accounts reflected a profit of $200. What is the maximum amount of cash dividends the company can declare and distribute?

Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed a. Issued 5,100 shares of common stock for cash at $21 per share. b. Issued 1,100 shares of common stock for cash at $24 per share. 4. Incentive Corporation has $49.000 in the company's bank account. At year-end, the accounts reflected a profit of $200. What is t maximum amount of cash dividends the company can declare and distribute