Phillips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows: Assets Cash Accounts receivable Fixed assets $406,000 874,000 1,014,000 Total assets $ 2,294,000 Liabilities and Stockholders' Equity Accounts payable Long term payable Common stock (250,000 shares at $2 par) Retained eamings $ 468,000 303,000 500,000 1,023,000 Total liabilities and stockholders' equity $ 2,294,000 a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share a-2. Is this realistic? Yes No b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share c. Assume the firm earned an 20 percent return on stockholders' equity last year. If the board wishes to pay out 50 percent of earnings in the form of dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share