These account balances at December 31 relate to

Sportstuff

Inc.:

Accounts Payable. . . . . . . . . . . .	$51,300	Preferred Shares, $0.01,
Accounts Receivable. . . . . . . . . .	82,050	880,000 shares issued. . . . . .	88,000
Common Shares. . . . . . . . . . . . .	590,000	Retained Earnings. . . . . . . . . . . . .	71,400
Bonds Payable. . . . . . . . . . . . . .	3,000	Notes Receivable. . . . . . . . . . . . .	12,300

If Sportstuff's board of directors decided to declare a dividend on December 31, what is the largest dividend it could declare?

Question content area bottom

$749,400

$590,000

$71,400

$8,800