Question 3 Ursula Company declared dividends of $20,000 in fiscal 2017 and paid the $42,000 dividends that were declared in fiscal 2016. Ursula paid the 2017 dividends in early fiscal 2018. How much dividends should the company report in the statement of retained earnings in 2017? $62,000 $20,000 $42,000 O $0Question 4 Allen Barron has invested $800,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Barron stand to lose? up to his total investment of $800,000 zero the $800,000 plus any personal assets the creditors demand $400,000