On September 1, Year 1, Orville Corporation has unrestricted…
On September 1, Year 1, Orville Corporation has unrestricted Retained Earnings of $7,800,000, Appropriated Retained Earnings of $4,800,000, Cash of $9,300,000, and Accounts Payable of $1,300,000. What is the maximum amount that can be used for cash dividends?