On January $1,$ you sold short one round lot $($that is$,100$ shares$)$ of Snow's stock at $$19\mathrm{.}70$ per share. On March $1,$ a dividend of $$2\mathrm{.}40$ per share was paid. On April $1,$ you covered the short sale by buying the stock at a price of $$13\mathrm{.}50$ per share. You paid $30$ cents per share in commissions for each transaction.

Required:

What is the proceeds from the short sale $($net of commission$)?$

What is the dividend payment?

What is the total cost, including commission, if you have to cover the short sale by buying the stock at a price of $$13\mathrm{.}50$ per share?

What is the net gain from your transaction?