Turquoise and Topaz Sisters had retained earnings of $10,000 on the balance sheet but disclosed in the footnotes that $2.000 of retained earnings was restricted for plant expansion and $1,000 was restricted for bond repayments. Cash of $2.000 had been set aside for the plant expansion. How much of retained earnings is available for dividends? O $5,000 O $8,000 O $7,000 O $10,000 Swifty Inc, has 3000 shares of 6%, $50 par value, cumulative preferred stock and 100600 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. The board of directors declared and paid a $4000 dividend in 2019. In 2020. $24300 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2020? O $14000 O $10300 O $9000 O $12150 For a cash dividend to occur, a corporation must have all of the following except O adequate cash. O a declaration of dividends. O retained earnings. O net income. The date a cash dividend becomes a binding legal obligation to a corporation is the O record date. O earnings date. O payment date. O declaration date. A stock split O may occur in the absence of retained earnings. o will have no effect on the par value per share of stock o will increase the total par value of the stock. O will total paid-in capital. JE F