CASE 2: On May 18th, Mr. Suma Na-o purchased one thousand shares of You See stock. On

June 5th, he sold two hundred shares of this stock for $21 a share. He sold an additional 400

shares on July 8th at a price of P22.50 a share. The company declared a P0.50 per share

dividend on June 25th to holders of record as of Thursday, July 10th. This dividend is payable on

July 31st.

How much dividend income will Mr. Suma Na-o receive on July 31st as a result of his ownership

of You See stock?

Round off your final answers to two decimal places, exclude currency sign.