The following accounting equation represents the financial position of Qualtro Company. - Assets Cash + Land 400 + 2,200 Liabilities Notes Payable 800 + + Stockholders' Equity Common Stock + Retained Earnings 1,200 600 Based on this equation, Qualtro can pay a 5600 cash dividend can pay off its note payable can pay a $300 cash dividend. can pay only $600 of its note payable