The following accounting equation represents the financial position of Qualtro Company: Cash $2,000 + Other Assets $2,600 = Accounts Payable $300 + Notes Payable $1,000 + Retained Earnings $350 + Common Stock $2,950 can pay a $700 cash dividend. can pay a $400 cash dividend and pay off its note payable. can either pay off its note payable or pay a $800 dividend. can only pay off its note payable.