Pr. Van 1 - Board declares scrip dividend of $15,000. Note bears interest rate of 10%. Feb. 1 - Paid the dividend Pr. 5 a 1-Oct Dawn Corporation declared a dividend of $15,000 payable on Nov. 1. Of this amount $10,000 is a return of capital (EQUITY). NOT enough of RE! 1-Nov Paid the dividend. Pr. Van 1 - Board declares scrip dividend of $15,000. Note bears interest rate of 10%. Feb. 1 - Paid the dividend Pr. 5 a 1-Oct Dawn Corporation declared a dividend of $15,000 payable on Nov. 1. Of this amount $10,000 is a return of capital (EQUITY). NOT enough of RE! 1-Nov Paid the dividend