Iqbal Ltd started trading on 1 January 2006. During the first five years of trading, the following occurred:
| Year ended | Trading | Profit/(loss) on sale of | Upward revaluation of |
| 2006 | (15,000) | – | – |
| 2007 | 8,000 | – | 10,000 |
| 2008 | 15,000 | 5,000 | – |
| 2009 | 20,000 | (6,000) | – |
| 2010 | 22,000 | – | – |
Required :
Assume that the company paid the maximum legal dividend each year. Under normal rcumstances, how much would each year”s dividend be?
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