The board of directors has the responsibility to determine the dollar amount of dividends to be given to investors. As a group of three or four students acting as the board of directors, determine the amount of dividends to declare for your investors given the following information: (1) 100,000 shares outstanding, (2) $249,000 in net income, (3) $1,500,000 proposed future expansion, (4) $900,000 balance in Retained Earnings. Should the board approve a dividend in stock, cash, or a combination of both? Justify your answer.