0 Jackson Ltd. buys 2,600 of the 100,000 shares of Melloch Inc., paying $39.00 per share. Suppose Melloch distributes a 15 percent stock dividend. Later the same year, Jackson Ltd sells the Melloch shares for $34.00 per share. Disregard commissions on the purchase and sale. 1. Compute Jackson Ltd.'s new cost per share after receiving the stock dividend 2. Compute Jackson Ltd.'s gain or loss on the sale of this long-term investment 1. Compute Jackson Ltd.'s new cost per share after receiving the stock dividend Let's start with calculating the cost of investment Cost of the investment = Now we can compute the new cost per share after receiving the stock dividend. New number of shares held = New cost per share = (Enter new cost per share rounded to the nearest cent.) 2. Compute Jackson Ltd.'s gain or loss on the sale of this long-term investment on the sale of the long-term investment is (Enter losses with a minus sign or parentheses.)