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Mulan Ltd stated trading on 1 January 2016. During the first five years, the following occurred: Year ended 31 December Net profit/(loss) Profit/(loss) on sales
Mulan Ltd stated trading on 1 January 2016. During the first five years, the following occurred: Year ended 31 December Net profit/(loss) Profit/(loss) on sales of non- current assets Upward revaluation of non-current assets 2016 (25,000) 2017 11,000 9,000 2018 12,000 6,000 2019 15,000 (7,000) 2020 18,000 Required: Assume that the company paid the maximum legal dividend each year. Under normal circumstances, how much would each year's dividend be? (8 marks) Enter your answer in the table below without any pound sign (E), comma (,) and space. Year Maximum dividend 2016 2017 2018 2019 2020
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