(Solution) - On Jan 1 2011 the board of directors of Doe -(2025 Original AI-Free Solution)

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On Jan 1, 2011, the board of directors of Doe Inc. declared a $ 620,000 dividend. The following data are from the balance sheet of Doe on that date.
Common stock: .............. $660,000
Paid in capital-excess of par: ........ $460,000
Retained Earnings: ............ $464,000
Paid-in capital from sale of treasury stock: .... $66,000
How much is the liquidating dividend?
$156,000,
$160,000,
$226,000,
None of these