Required information The following information opplies to the questions displayed below] XYZ declared a $1 per share dividend on August 15. The date of record for the dividend was September 1 (the stock began selling ex-dividend on September 2). The dividend was paid on September 10 . Ellis is a cash-method taxpayer. Determine if he must include the dividends in gross income under the following independent circumstances. Ellis bought 110 shares of XYZ stock on August 1 for $23 per share. Ellis received a $110 dividend on September 10. Elils still owns eshares at year-end