Jergan Corporation

Income Statement

For the Years Ended December $31$

Additional information:

The market price of Jergan's common stock was $$7\mathrm{.}00,$$$7\mathrm{.}50,$ and $$8\mathrm{.}50$ for $2020,2021,$ and $2022,$ respectively.

You must compute dividends declared. All declared dividends were paid in cash in the year of declaration.