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On September 1, Year 1, Orville Corporation has unrestricted Retained Earnings of $7,700,000. Appropriated Retained Earnings of $4,700,000, Cash of $9,200,000, and Accounts Payable of

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On September 1, Year 1, Orville Corporation has unrestricted Retained Earnings of $7,700,000. Appropriated Retained Earnings of $4,700,000, Cash of $9,200,000, and Accounts Payable of $1,200,000. What is the maximum amount that can be used for cash dividends

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