1. Harper Enterprises commenced trading on 1 March 2010. Over the first five years, the following financial results were recorded:
   • 2011: Trading profit (loss): £(10,000)£(10,000), Profit (loss) on non-current assets: £0£0, Upward revaluation of non-current assets: £6,000£6,000
   • 2012: Trading profit (loss): £12,000£12,000, Profit (loss) on non-current assets: £1,000£1,000, Upward revaluation of non-current assets: £4,000£4,000
   • 2013: Trading profit (loss): £14,000£14,000, Profit (loss) on non-current assets: £2,500£2,500, Upward revaluation of non-current assets: £7,000£7,000
   • 2014: Trading profit (loss): £19,000£19,000, Profit (loss) on non-current assets: £(5,000)£(5,000), Upward revaluation of non-current assets: £0£0
   • 2015: Trading profit (loss): £23,000£23,000, Profit (loss) on non-current assets: £1,500£1,500, Upward revaluation of non-current assets: £2,000£2,000

Required: Assume that the company paid the maximum legal dividend each year. Under normal circumstances, how much would each year's dividend be?