On January 1, 2016, the board of directors of Goby Inc. declared a $540,000 dividend. The following data is from the balance sheet of Goby on that date

Common stock	$500,000
Paid-in capitalexcess of par	$300,000
Retained earnings	$400,000
Paid-in capital from sale of treasury stock	$50,000

How much is the liquidating dividend?

		$140,000.
		$240,000.
		$290,000.
		None of these answer choices is correct.