5-50 (LO. 1) In January 2021, Ezra purchased 2,000 shares of Gold Utility Mutual Fund for $20,000. In June, Ezra received an additional 100 shares as a dividend, in lieu of receiving $1,000 in cash dividends. In December, the company declared a two-for-one stock split. Ezra received an additional 2,100 shares, but there was no option to receive cash. At the time of the stock dividend in December and at the end of the year, the fund shares were trading for $5 per share. Also, at the end of the year, the fund offered to buy outstanding shares for $4.50. Ezra did not sell any shares during the year. If an amount is zero, enter "0". a. What is Ezra's gross income from the 100 shares received in June? Feedback Check My Work A dividend is a payment to a shareholder with respect to his or her stock. It may be in the form of cash, stock or other property. b. What is Ezra's gross income from the receipt of the 2,100 shares as a two-for-one stock split in December? Feedback Check My Work Incorrect