Scenario 1 - Roget SystemsNote: All of the following transactions occurred within this tax year.John, who was the sole stockholder of Roget Systems, had 100 shares of stock issued to him when the company was incorporated on January 1 this year. On January 31, he issued 10 additional shares to his brother, James, for work James had performed in installations. He also paid his accountant with stock, issuing 50 shares to Jerry Jones on December 1. Roget Systems declared a dividend of $1.27 per share to be paid on December 29 to the stockholders of record on December 26. Finally, he issued five shares to Jane, his receptionist, as a year-end bonus on December 31.List the amounts of dividends paid to each stockholder for the current tax year.Since there were only four stockholders, Roget Systems found it more convenient to report these dividend payments to the IRS by mail. What additional IRS form(s) (disregarding the corporate tax return) would the corporation need to file to report the dividend payments? Answer the following question based on the scenario in Learning Activity 1. What is the amount of dividends paid to Jerry?
a) $ 0.00
b) $ 6.35
c) $127.00
d) $ 63.50