(True or False) Here is a balance sheet from a small corporation. Because the company has $40,000 of retained earnings, the company would be able to pay cash dividend of $30,000 to it shareholders.

Cash $ 25,000 Accounts payable $ 30,000 Inventory 40,000 Accruals 10,000 Accounts receivable 10,000 Total CL $ 40,000 Total CA $ 75,000 Debt 60,000 Net fixed assets $ 110,000 Common stock 45,000 _________ Retained earnings 40,000 Total assets $185,000 Total L & E $185,000