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 trading 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 liability in regard to the dividend payment. (4 marks)