Dee andEff are major shareholders in and the directors of the public company Fan plC、For the year ended 30April 2009 Fan plc’s financial statements showed a loss of €2,000 for the year.For the year ended 30April 2010 Fan plc made a profit of €3,000 and, due to a revaluation, the value of its land and buildings increased by €5,000.As a consequence,Dee andEff recommended, and the shareholders approved, the payment of €4,000 in dividends.Required:AdviseDee andEff as to: (b) any potential legal liability in regard to the dividend payment. (4 marks)