please answer both questions (don't have much questions left)

Company XYZ issued shares in 20X4 at $20 per share. In 20X5, Company XYZ repurchased these same shares at $30 per share. In 20X6, Company XYZ resold the shares at $40 per share. Assume the number of shares included in the above transactions is 100. What is the entry that Company XYZ will record when it resells the shares in 20X6 at $40 per share? Multiple Choice Dr. Cash $400. Cr. Treasury Shares $300. Cr. Contributed Surplus $100 Dr. Cash $4,000. Cr. Treasury Shares $3,000. Cr. Contributed Surplus $1,000 None of the other altematives are correct Dr. Cash $4,000. C. Treasury Shares $3,000. Cr. Gain on Treasury shares $1,000 Dr. Cash $4,000. Cr. Retained Eamings $3.000. Cr. Treasury shares $1,000 Donald's Inc. would like to declare a cash dividend. Partial financial information for Donald's Inc. is below. Cash balance Dividends payable Retained Earnings Common Shares Shareholder's equity $52,000 $19, 200 $27,500 $50,000 $ 77,500 What is the maximum cash dividend that Donald's Inc. can declare and pay given the above financial information? Multiple Choice $77,500 o $52.000 $50,000 O o None of the other alternatives are correct O $58,300