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26 . Matthew Kennedy received a dividend from Mayflow Corporation . Matthew haselected , using Mayflow's dividend reinvestment plan to purchase additional stock atFMY with

image text in transcribed 26 . Matthew Kennedy received a dividend from Mayflow Corporation . Matthew haselected , using Mayflow's dividend reinvestment plan to purchase additional stock atFMY with the dividend received . The dividend was $1 500 and the FMY of the stockpurchased was $1 475 . A $25 . service charge was applied to this transaction . Whatmust Matthew report as dividend income on his tax return for 2000 ?A. SOB. 81 500C. 81.525D. $1 475

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