8 Condensed comparative income statements of Morphs Company for the years 2019 through 2021 are presented in the table 1 below. You are interested in gauging the past trend in dividends paid by Morphs from a dollar perspective. The company's payout ratio (ratio of dividends paid to reported earnings) has averaged 25 percent. Foreign exchange rates during the three-year period are found in Table 2 below. (4 Marks) Table 1: Comparative Income Statements: Morphs Company (Thousand UK Pound) 2019 2020 2021 Sales 25.436 28,734 35,974 Gross Margin 3,428 4,158 4,421 Net Income 745 816 1,145 Table 2: Year-End Rates 2019 $1 UKP 0.76 Foreign Exchange Rates 2020 $1-UKP 08 2021 $1-UKP 0.85 Required: Prepare a trend analysis of dividends paid by Morphs Company from a both the UK and U.S. perspective assuming (a) there are no restrictions on the payment of dividends to U.S. investors and (b) United Kingdom accounting practices are similar to those in the United States